2400 16th Street

Highly versatile multi-tenant retail/office building along the high-growth Broadway Corridor. The Property features existing income, and with the one vacant space leased at pro-forma rents, the Property could produce a projected 7.92% annual return.

The Subject Property is a 13,285 SF building configured into 12,091 rentable SF of multiple retail/office suites along with a warehouse space. 10 of the 12 available spaces are occupied and paying rent, allowing for an investor to either occupy or lease up the remaining office and warehouse space.

The Subject Property presents an opportunity for a strategic investor to recognize significant upside from securing existing tenants into long-term, fair-market rent leases, and position the property for a long-term hold or a disposition.

This well-located property is a gateway to Land Park’s Tower District and the Broadway Corridor. The building is prominently situated on the SW corner of the X and 16th Street intersection with traffic counts that capture traffic inflow from Downtown/midtown and the I-80 offramp. Down the block from Tower Cafe, Starbucks, Bank of America, Walgreens, Noah’s Bagels, Chipotle and much more.

2400 16th Street is a crucial connection between the Downtown urban core and the Broadway corridor. Major investments and developments into the corridor continue to transform this area of Sacramento’s urban core. This is a great time to be a part of the momentum.