2001 P St 8,814 SF Office Building Sacramento, CA 95811 $2,400,000 ($272.29/SF)
INVESTMENT HIGHLIGHTS
- Prominent corner location with monument signage
- Complete renovation of the building including energy efficient upgrades made to keep operating costs low
- The building has a basement level, which is ideal for storage or other uses
- Located within walking distance to myriad retail and restaurant options, new housing, and recent in-fill developments
- Outdoor patio area & individual offices
- The property has on-site parking, a rare commodity within the Midtown submarket
EXECUTIVE SUMMARY
Cushman & Wakefield, as exclusive advisor, is pleased to offer for sale a beautiful two-story office building in the Midtown neighborhood of Sacramento. Totaling approximately 8,814 rentable square feet, this property includes a basement that provides an additional approximate 1,400 SF for storage. Located on a prominent corner in Midtown, the office building is close to the recent infill developments of the R Street Corridor and one block from 377 new housing units. T he property has been completely reconstructed by the current ownership. This effort has earned an Architectural Achievement Award.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,814 SF
Building Class
B
Year Built/Renovated
1990/1994
Price
$2,400,000
Price Per SF
$272.29
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,407 SF
Slab To Slab
10’
Building FAR
0.70
Lot Size
0.29 AC
Zoning
C-2-NC - General Commercial/Special Planning District
Parking
12 Spaces (1.17 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Courtyard
- Signage
- Basement
- Air Conditioning
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 007-0246-010 | Improvements Assessment | $1,057,612 |
| Land Assessment | $306,246 | Total Assessment | $1,363,858 |
