744 P Street, Sacramento, CA

Property Type Office - Government Office
Property Size 620,000 SF
Lot Size 2.6 Acre
Parking Spaces Avail. 6
Parking Ratio 0.01/ 1,000 SF
Property Tenancy Owner Occupied
LEED Certified Gold
Building Class A
Year Built 1969

Location

Map
Street

City Sacramento, CA
Neighborhood Downtown Sacramento
Zip Code 95814
Market Sacramento

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

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

Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

Purchase Price
Arm's Length True
Buyer Name

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

Unlock on CommercialEdge

Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

Unlock on CommercialEdge

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

View more Sacramento market trends

Tax

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

Frequently Asked Questions

What is the total square footage of 744 P Street?

744 P Street totals 620,000 square feet.

When was this property built?

744 P Street was built in 1969.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Nearby Listings

Elks Tower

921 11th Street, Sacramento, CA

Contact for pricing

Property

Office
115,255 SF

Availability

1 Space
8,500 SF

1300 U Street

1300 U Street, Sacramento, CA

$2.1/SF/MO

Property

Office
47,514 SF

Availability

1 Space
47,514 SF

Tahoe Office Building

6939 Sunrise Blvd, Citrus Heights, CA

$1.39 - $1.49/SF/MO

Property

Office
62,771 SF

Availability

10 Spaces
19,390 SF

3130 Kilgore Road

3130 Kilgore Road, Rancho Cordova, CA

$22.2/SF/YR

Property

Office
60,500 SF

Availability

1 Space
60,800 SF

3947 Lennane Drive

3947 Lennane Drive, Sacramento, CA

$0.98 - $1.65/SF/MO

Property

Office
46,734 SF

Availability

4 Spaces
22,796 SF

Top Markets Near Sacramento

Nearby Properties

744 P Street, Sacramento, CA 95814 - Office Space

744 P Street is located at 744 P Street in the Downtown Sacramento neighborhood, CA, Sacramento, 95814. The Class A Office building was completed in 1969 and features a total of 620,000 SF.

There are 219 office spaces for lease in the Downtown Sacramento neighborhood, totaling 1,285,098 SF of available office space. The office space availability for the 95814 zip code is 1,468,482 SF, in 239 office spaces. The average asking office rent per SF in Downtown Sacramento is $40.51/SF/YR. For Class A office buildings the average office rate is $55.88/SF/YR, for Class B office buildings the average office rate is $33.56/SF/YR, for Class C office buildings the average office rate is $33/SF/YR.

In Downtown Sacramento, there are 24 class A office buildings. In Downtown Sacramento, there are a total of 27 LEED certified office buildings. In 1969, the same year 744 P Street was built, 2 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Sacramento, featuring 783,442 square feet of commercial space. At zip code level, there are 78 commercial properties, of which 72 are office buildings over 50,000 square feet.

744 P Street