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The Covell Building

Off-Market

777 12th Street, Sacramento, CA 95814

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  • Property Type Office - General Office
  • Property Size 39,144 SF
  • Lot Size 0.44 Acre
  • Parking Spaces Avail. 61
  • Parking Ratio 1.58/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1983

Location

  • City Sacramento, CA
  • Neighborhood Downtown Sacramento
  • Zip Code 95814
  • 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 21 Feb, 2002
  • 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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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
View more Sacramento market trends

Tax

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Frequently Asked Questions

What is the total square footage of The Covell Building?

The Covell Building totals 39,144 square feet.

When was this property built?

The Covell Building was built in 1983.

When was The Covell Building last sold?

The Covell Building was last sold on 21 Feb, 2002.

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