For Sale
$6,500,000

1000 K StSacramento, CA 95814

High-yield retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 29,501 square foot retail building at 1000 K Street in Sacramento, CA (95814), is a prime investment opportunity. Built in 1956 and extensively renovated in 2008, the property boasts a 100% occupancy rate with four established tenants in the heart of Sacramento's K Street Entertainment District, within the Governmental Affairs District and a Federal Opportunity Zone. The building sits on a 16,960 square foot lot (APN: 006-0104-001-0000) and is zoned C-3-SPD. Currently generating a Net Operating Income (NOI) of $580,075.53, resulting in an 8.92% capitalization rate, the asking price is $6,500,000 ($220.33 per square foot). The property benefits from its proximity to numerous amenities, including the Golden 1 Center, numerous office buildings, light rail access, and a variety of retail, restaurants, parks, and entertainment venues. Its location near the renovated Sacramento Convention Center and Community Theater, as well as several large hotels, further enhances its desirability and investment potential. This is a rare chance to acquire a highly profitable, well-located retail property in a thriving urban environment.

Highlights

  • Prime 29,501 SF retail building in Sacramento's K Street Entertainment District.
  • 100% occupancy with four established tenants, generating $580,075.53 NOI and an 8.92% cap rate.
  • Located in a Federal Opportunity Zone, near the Golden 1 Center and numerous office buildings.
  • Excellent walkability with access to light rail, retail, restaurants, parks, and entertainment venues.
  • Proximity to the renovated Sacramento Convention Center, Community Theater, and six large hotels.

Property Details for 1000 K St

Property type
Retail properties
Square Feet
29,501 SF
Year Built/Renovated
1956/2008
Stories
2

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5787965
Longitude
-121.4937505
1000 K St, Sacramento, California

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1000 K St
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