1860 Howe Avenue, Sacramento, CA

Property Type Office - General Office
Property Size 100,208 SF
Lot Size 3.61 Acre
Parking Spaces Avail. 380
Parking Ratio 3.80/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1984

Location

Map
Street

City Sacramento, CA
Neighborhood Belmont
Zip Code 95825
Market Sacramento

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 16 Oct, 2015
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity 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

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$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 $97,552
Market Value* $8,038,296
Assessed Value $8,038,296

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*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 1860 Howe Avenue?

1860 Howe Avenue totals 100,208 square feet.

When was this property built?

1860 Howe Avenue was built in 1984.

When was 1860 Howe Avenue last sold?

1860 Howe Avenue was last sold on 16 Oct, 2015.

What is the property tax for 1860 Howe Avenue?

The property tax for 1860 Howe Avenue in 2021-2022 was $97,552.

What is the market value for 1860 Howe Avenue?

The market value* for 1860 Howe Avenue in 2021-2022 was $8,038,296.
*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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