- For Sale $7,500,000
- Property Type Retail - Restaurant
- Property Size 29,501 SF
- Lot Size 0.39 Acre
- Year Built 1956
- Date Updated Mar 27, 2024
Turton Commercial Real Estate and Marcus & Millichap are pleased to present the opportunity to purchase 1000 K Street, located in the epicenter of Downtown Sacramento’s K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1000 K Street, located in a Federal Opportunity Zone, is an architecturally extraordinary, ±29,501 square foot two (2) story building, 100% leased to four (4) of Downtown Sacramento’s most popular and successful restaurant and entertainment tenants.
The property is being offered at $7,500,000 based upon a 7.96% cap rate predicated on a 2023 NOI of $596,997 from rents collected by landlord and a projected 2024 NOI of $714,879 (based upon leases in place) with 9.53% projected cap rate.
Purchased in 2006 as a two (2) story long vacant historic Woolworth’s department store building, the Property has undergone a top to bottom transformation into part of urban Sacramento’s cultural fabric. The Property has been, and is, a highly reliable investment and widely considered to be located at ground zero of Sacramento’s exciting revitalized urban entertainment experience.
1000 K Street is also for sublease.
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Contacts
Location
Getting Around
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Walk Score ®
99/100
Walker's Paradise
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Transit Score ®
66/100
Good Transit
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Bike Score ®
97/100
Biker's Paradise
- City Sacramento, CA
- Neighborhood Downtown Sacramento
- Zip Code 95814
- Market Sacramento
Points of Interest
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Cathedral Square
0.05 miles
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St. Rose of Lima Park
0.11 miles
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8th & K
0.19 miles
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8th & Capitol
0.24 miles
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12th & I
0.26 miles
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7th & Capitol
0.27 miles
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8th & H/County Center
0.30 miles
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Archives Plaza
0.31 miles
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7th & I/County Center
0.31 miles
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8th & O
0.34 miles
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eVgo
0.96 miles
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Arco
1.03 miles
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Valero
1.10 miles
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One Stop Gas
1.14 miles
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Chevron
1.30 miles
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Shell
1.35 miles
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Arco
1.37 miles
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Arco
1.41 miles
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Arco
1.42 miles
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Shell
1.45 miles
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Capitol Garage
0.04 miles
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City Hall Parking Garage
0.16 miles
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ACE Parking
0.24 miles
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Lot D
0.26 miles
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County Public Parking
0.37 miles
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Public Parking
0.39 miles
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Saint Joseph's Jury Parking Lot
0.41 miles
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Memorial Garage
0.41 miles
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City Lot 297
0.49 miles
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East End Garage
0.50 miles
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El Santo Cantina
0.01 miles
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O Ponto Brazillian Steakhouse
0.01 miles
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Mother
0.04 miles
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Bud's Buffet
0.06 miles
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Blackbird Kitchen + Beer Gallery
0.11 miles
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Teriyaki To Go
0.12 miles
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La Cosecha
0.17 miles
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Frank Fat's
0.17 miles
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Upper Crust Pizza
0.18 miles
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Tiger Bar + Restaurant
0.20 miles
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Macy's Downtown Plaza Sacramento
0.44 miles
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Downtown Commons
0.44 miles
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Market 5-ONE-5
0.53 miles
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Grocery Outlet
0.57 miles
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Gold Star Mart
0.64 miles
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Safeway
0.85 miles
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Asian Food Center
1.11 miles
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Raley's
1.17 miles
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Target
1.17 miles
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Sacramento Natural Foods Co-op
1.50 miles
Frequently Asked Questions
What is the lease rate for 1000 K St?
Rental asking rate at 1000 K St is $3,750,000.00/YR.
What is the total square footage of 1000 K St?
1000 K St totals 29,501 square feet.
When was this property built?
1000 K St was built in 1956.
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