CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the leasehold interest in 2901-2929 K Street, commonly referred to as Sutter Square Galleria (the “Galleria” or the “Property”). The Galleria, which is ground leased from California Department of Transportation (“Caltrans”), covers an entire +/- 2.5 acre city block and includes a three-story mixed use building, a four-story mixed use building, and a multi-level parking garage centrally located in the heart of Midtown Sacramento across the street from Sutter Medical Center. With nearly 10,000 SF of retail space and approximately 54,000 SF of medical office and general office space on either side of the Business 80 freeway, the Galleria offers investors and owner-users alike the opportunity to own an irreplaceable location in the heart of the most vibrant section of Sacramento. * Iconic urban Sacramento building located in Midtown. Incredible freeway signage opportunities on both sides of freeway can create additional revenue stream. * Sacramento’s dynamic live-work-play neighborhood is surrounded by medical providers, including Sutter General Medical Campus, Mercy General and UC Davis Medical Center. * Multi-story covered parking garage with 315 parking spaces is significant profit center in this congested location. Significant value-add opportunity given current 67% occupancy and ability to attract additional medical tenants at higher rents. * 100% depreciable asset due to ground lease structure. Additional after-tax cash flow afforded to a buyer (by virtue of ability to depreciate 100% of purchase price) is equivalent to an additional 67 basis points of Year 1 cap rate yield. * The Downtown/Midtown/East Sacramento retail submarket, which totals ±6M SF, has vacancy rate of only 5.4%, average asking rent of $2.18/sf/mo NNN, and only 2,000 SF of retail space under construction (Costar). * The Midtown office market, which totals ±5.5M SF, has vacancy rate of 8.9%, average asking rent of $2.40/sf/mo full service, and no office space under construction (Costar).