1231 I St 3,331 SF Office Condo Unit Offered at $975,000 in Sacramento, CA 95814
INVESTMENT HIGHLIGHTS
- 3,331 square foot office condo for sale
- Professional office buildout with several private offices and open workspace
- Perfect opportunity for an owner-user
- Walking distance to the State Capitol and two large parking garages
EXECUTIVE SUMMARY
The Condo is located within 1231 I Street in Sacramento, a professionally managed office building with modern “I beam” construction and floor-to-ceiling windows on all four sides of the building. The Condo is located on the second floor with west-facing exposure and views of the Downtown and Capitol Mall skyline. The Condo measures approximately 3,331 usable square feet and 3,902 rentable square feet and features 6 large executive offices, a conference room for up to 20 people, formal reception and waiting area, breakroom, IT room, copy room, and open space for approximately 10 workstations. 1231 I Street is comprised of 15 separate office condos, most of which are owned by the occupant. Other owners in the building include several associations, law firms, and lobbying firms. The building is approximately 3 blocks from the California State Capitol, 3 blocks from City Hall, and 4 blocks to the Gordon Schaber Courthouse. The building is also located directly across the street from the Sheridan Grand Parking Garage and one block from the Memorial Garage, where the current owner leases monthly parking spaces. 1231 I Street is one of only two office condo projects in Downtown Sacramento, and the only property that can accommodate owner-occupants that need less than 7,000 square feet. As such, the building is a highly desirable and scarce place to own and occupy an office condo in the central business district.
PROPERTY FACTS
| Price | $975,000 |
| Unit Size | 3,331 SF |
| No. Units | 1 |
| Total Building Size | 54,000 SF |
| Property Type | Office (Condo) |
| Sale Type | Owner User |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 16,000 SF |
| Year Built | 1975 |
| Lot Size | 0.55 AC |
| Opportunity Zone |
Yes |
| Zoning | C2 - General Commercial |
AMENITIES
- Bus Line
- Signage
1 UNIT AVAILABLE
Unit 204
| Unit Size | 3,331 SF |
| Price | $975,000 |
| Price Per SF | $292.70 |
| Condo Use | Office |
| Sale Type | Owner User |
DESCRIPTION
3,331 square foot office condo for sale
Perfect opportunity for an owner-user
All the benefits of property ownership with no maintenance or repair obligations
Professional office buildout with several private offices and open workspace
Walking distance to the State Capitol and two large parking garages
SALE NOTES
Turton Commercial Real Estate is pleased to present the opportunity to purchase 1231 I Street, Suite 204 (the “Condo”), a 3,331 usable square foot office condo located in the downtown Sacramento Central Business District. The Condo is a unique opportunity for a business, association, or non-profit to purchase and occupy an office that is walking distance to the State Capitol and surrounding area. The Condo will be delivered vacant at closing and all furniture currently in the office can be conveyed with the sale.
The Condo is located within 1231 I Street in Sacramento, a professionally managed office building with modern “I beam” construction and floor-to-ceiling windows on all four sides of the building. The Condo is located on the second floor with west-facing exposure and views of the Downtown and Capitol Mall skyline. The Condo measures approximately 3,331 usable square feet and 3,902 rentable square feet and features 6 large executive offices, a conference room for up to 20 people, formal reception and waiting area, breakroom, IT room, copy room, and open space for approximately 10 workstations.
1231 I Street is comprised of 15 separate office condos, most of which are owned by the occupant. Other owners in the building include several associations, law firms, and lobbying firms. The building is approximately 3 blocks from the California State Capitol, 3 blocks from City Hall, and 4 blocks to the Gordon Schaber Courthouse. The building is also located directly across the street from the Sheridan Grand Parking Garage and one block from the Memorial Garage, where the current owner leases monthly parking spaces. 1231 I Street is one of only two office condo projects in Downtown Sacramento, and the only property that can accommodate owner-occupants that need less than 7,000 square feet. As such, the building is a highly desirable and scarce place to own and occupy an office condo in the central business district.
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| California Rice Commission |
-
|
June 2027
|
