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1108
O S
TREE
T UNIQUE OFFICE BUILDING FOR SALESale Price $6,890,000Price Per Square Foot $120.87
Gary Gallelli | Partner & PresidentL # 01099383 | 916 784 2700 | [email protected]
Mickey Turpen | Senior Vice PresidentL #01340787 | 916 784 2700 | [email protected]
Kevin Soares | Senior Vice PresidentL #01291491 | 916 784 2700 | [email protected]
Chris Lemmon | Senior Managing DirectorL #01506816 | 916 367 6349 | [email protected]
DOWNTOWN SACRAMENTO
PRICE $6,890,000
PRICE PER SQUARE FOOT $120.87
SQUARE FEET ±57,000
OCCUPANCY 0.00%
PRIME OFFICE LOCATIONExcellent Downtown locationwith Light Rail station in front
EXCELLENT TIMINGUrban Core revitalization taking place
DYNAMIC LOCATIONWalking distance to R Street, State Capitol and Golden 1 Center
THE OPPORTUNITY
• Prime Office Site and Dynamic Location.
• Located 1 block from the State Capitol Building.
• Situated right in front of a Light Rail station.
• The Downtown office market has seen momentum increase as the urban core is revitalized –
Downtown has seen over ±476,000 square feet of positive net absorption since 2015.
• Located blocks from Golden 1 Arena.
• Close Proximity to R Street Corridor, the next epicenter of Downtown Growth.
• Vibrant and dynamic mixed-use corridor with established entertainment destinations and
numerous amenities.
• Raley’s will soon be opening a new concept grocery store, Market Five-One-Five, on the R
Street Corridor, approximately four blocks from the subject property.
• Over 50 restaurants, bars, and coffee shops located within a ¾-mile radius of the subject
property.
• Site is one block from 10th Street, a primary Downtown north/south arterial.
• A designated exit from Interstate 50, 10th Street passes directly in front of the State
Capitol Building.
• Close proximity to Interstate 80 and Interstate 5.
• Office Market Momentum has Increased in the Downtown Core
• Downtown office market vacancy has declined nearly 5% over the last three years and
currently stands at 11.4%.
• The average asking rate for Downtown office space has increased 19.5% over the last three
years and currently stands at $2.51 per square foot, full service, which is the highest average
asking rate in the Sacramento region.
1108 O STREETDOWNTOWN SACRAMENTO
PRIME OFFICE LOCATION IN DOWNTOWN SACRAMENTO
Gary Gallelli | Partner PresidentL # 01099383 | 916 784 2700 | [email protected]
Mickey Turpen | Senior Vice PresidentL #01340787 | 916 784 2700 | [email protected]
Kevin Soares | Senior Vice PresidentL #01291491 | 916 784 2700 | [email protected]
Chris Lemmon | Senior Managing DirectorL #01506816 | 916 367 6349 | [email protected]
12TH
STR
EET
O STREET
11TH STREET
PROPERTY LOCATION1108 O Street is located at the intersection of 11th and O Streets in Downtown Sacramento. The
property is within a mature market area surrounded by a mix of commercial and residential property
uses. The Downtown office market is the most highly-sought after submarket in the Sacramento
MSA. The Downtown core has been undergoing a major revitalization over the last 10 years, and
the addition of the Golden 1 Center to the Downtown Core has spurred more interest from tenants,
developers, and investors alike.
1108
O S
TREE
T
MARKETING CONTACT
