1601 Exposition Blvd, Sacramento, CA

Property Type Office - General Office
Property Size 142,420 SF
Lot Size 6.75 Acre
Parking Spaces Avail. 284
Parking Ratio 2.00/ 1,000 SF
Property Tenancy Multi-Tenant
LEED Certified Silver
Building Class B
Year Built 1979

Location

Map
Street

City Sacramento, CA
Neighborhood Point West
Zip Code 95815
Market Sacramento

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Date 03 Nov, 2015
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Sacramento

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Sacramento Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $23.82
2020 Office Vacancy Rate 12.39%
2020 Office Completions (SF) 598,300

Sacramento Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $184.86
Y-o-Y Avg. PpSF Change -22.15%
2020 Office Sales Volume $421.4M
2020 Number of Transactions 23

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Tax

Property Tax in 2021-2022 $293,411
Market Value* $26,274,845
Assessed Value $26,274,845

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1601 Exposition Blvd?

1601 Exposition Blvd totals 142,420 square feet.

When was this property built?

1601 Exposition Blvd was built in 1979.

When was 1601 Exposition Blvd last sold?

1601 Exposition Blvd was last sold on 03 Nov, 2015.

What is the property tax for 1601 Exposition Blvd?

The property tax for 1601 Exposition Blvd in 2021-2022 was $293,411.

What is the market value for 1601 Exposition Blvd?

The market value* for 1601 Exposition Blvd in 2021-2022 was $26,274,845.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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1601 Exposition Blvd, Sacramento, CA 95815 - Office Space

1601 Exposition Blvd is located at 1601 Exposition Blvd in the Point West neighborhood, CA, Sacramento, 95815. The Class B Office building was completed in 1979 and features a total of 142,420 SF.

There are 50 office spaces for lease in the Point West neighborhood, totaling 176,305 SF of available office space. The office space availability for the 95815 zip code is 305,259 SF, in 63 office spaces. The average asking office rent per SF in Point West is $19.61/SF/YR. For Class A office buildings the average office rate is $25.8/SF/YR, for Class B office buildings the average office rate is $18.61/SF/YR, for Class C office buildings the average office rate is $20.2/SF/YR.

In Point West, there are 18 class B office buildings. In Point West, there are a total of 2 LEED certified office buildings. In 1979, the same year 1601 Exposition Blvd was built, 11 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Sacramento, featuring 1,762,355 square feet of commercial space. At zip code level, there are 54 commercial properties, of which 24 are office buildings over 50,000 square feet.