1231 I St - Office CONDO FOR SALE


Sacramento, CA 95814- Mansion Flats
$975,000 USD
916-710-0753
1231 I St, Sacramento, CA for Sale
$975,000 USD
Office CONDO - FOR SALE
1/18
null | Request Cap Rate

1231 I St
Sacramento, CA 95814
Mansion Flats


HIGHLIGHTS

  • 3,331 square foot office condo for sale
  • Perfect opportunity for an owner-user
  • Professional office buildout with several private offices and open workspace
  • Walking distance to the State Capitol and two large parking garages

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

54,000 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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Jon LangTurton Commercial Real EstateMore Info
916-710-0753

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.