TH S T I n v e S T m e n T o r o w n e r - U S e r TURTON

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1 TH ST Investment or Owner-User TURTON

2 downtown gem 12,554 sf parcel 29,955 sf building 8 parking stalls 3 blocks from Golden 1 Center 3 blocks from Convention Center 2 blocks from the State Capitol 1 block from Light Rail $3,995,000

3 the offering Turton Commercial Real Estate is pleased to present an outstanding investment or owner-user opportunity located in the heart of Downtown, Sacramento th Street (the Property ), also known as the Landmark Building, is a vacant 29,550 square foot building comprising of 12,500 square foot ground floor, 12,000 square foot basement, and 4,500 square foot mezzanine. The property is being offered for sale at $3,995,000 or $135 per gross square foot. Originally built for Landmark Bank in 1935, the ground floor features 30-foot high ceilings and three massive sky lights that spill natural light into the building. Marble columns and archway with original inlaid clock is on display as one enters the reception. Glass demising walls create a spacious creative office space. Ornate hand-painted murals accent art deco architecture features throughout the ground floor. A large 70-foot vault running north to south spans the entire east wall of the building. The original bank vault doors and safe deposit boxes provide historic charm and elegance. Recent tenants have utilized the unique focal point as a conference room that seats over 30. Bank counter was converted to a bar and catering area with floor drains, making the space a prime opportunity for a restaurant or venue for events. The approximate 12,000 square foot basement includes 8 subterranean parking stalls accessible from the alley, storage (unfinished) and the popular Pre-Flite Lounge. Pre-Flite enjoyed many successful years at the Downtown mall plaza before relocating to the Property to make room for the Golden 1 Center. Pre-Flite currently leases 1,370 square feet for $2,000/NNN per month. Although they are on a month-to-month lease term, the Tenant paid and constructed all of their own tenant improvements, establishing a long-term commitment to the building. The mezzanine office space measures approximately 4,500 square feet, with glass windows looking out onto the ground floor. An elevator services all three floors in the building, in addition to beautifully designed stairwells. building specs Address: th Street Price: $3,995,000 Price PSF: $135 (on total SF) APN: Parcel Info: 12,554 SF (.29 acres) Zoning: c-3 Year Built: 1935 Construction Type: Masonry Net Rentable: basement, 12,000 SF ground Floor, 12,500 SF mezzanine, 4,500 SF Total Square Feet: 29,550 SF Net RSF: 17,050 SF Elevator: yes Parking: 8 subterranean

4 railyards dev. location sac train station 16TH 10TH 7TH & submarket Sacramento s hottest submarket is also delivering very attractive rents. kaiser redev. subject property landmarks / parks The Property is located on the east side of 10th Street, between J and K Streets, in what many would consider the epicenter of Downtown, Sacramento. K Street, also referred to as The Kay, lays home to some of the city s best amenities and retailers. The Property is located within eyesight of locally owned restaurants The Grange, K Bar, Café Bernardo and Insight Coffee. Crest Theater, Mother, Pizza Rock, Empress Tavern, Ambrosia Café and Dad s Sandwiches are a mere block away, and countless other popular amenities lay within a 5 minute walk. The Property is across from Cesar Chavez Park, which hosts the weekly Downtown Farmers Market and the summer Concerts in the Park series. Over the last five years, The Kay has dramatically improved, largely in part to the speculation and subsequent construction of the Golden 1 Center and surrounding Downtown Commons, DoCo. Revitalized buildings, new restaurants, and streetscape improvements by Downtown Partnership and Sacramento Regional Transit have provided a cleaner, more welcoming environment. The demographics will continue to improve, with larger more affluent daytime and evening crowds, as the area continues to gentrify, which will in theory, increase property values accordingly. Several other catalyst projects are propelling the growth and energy of the Kay. The 700 Block of K Street is a $36 million mixed-use adaptive-reuse project that will consist of over a dozen new retailers and restaurants, dramatically enhancing the nightlife around the Golden 1 Center. In addition, the project includes the construction of 137 apartments and penthouses. At 1029 K, The M.A.Y. Building is undergoing a comprehensive property renovation, with the opening of the new Oblivion Comics & Coffee, a 200-person event center, and 21 stately luxury apartments restored on the upper floors. DOCO golden 1 center 700 BLOCK OF K I cesar chavez park the metrpolitan golden rice bowl grange b ur g e r inn s u b way in s i g h t c o f f e e me g a mi a l e j a nd r o s major developments major retail / dining area c a f e s o l e il q ui z n o s t e mp l e c o f f e e way s id e n o o d l e s 930 K STREET CATHEDRAL SQUARE 12 t h s t r e e t b i s t r o e l l a d inin g r o o m convention center a s uk a s u s hi s he r at o n g r a nd b l imp ie c r e s t c a f e b a nk o f a me r i c a cafe bernardo social a mb r o s i a k bar district 30 pizza rock dive bar STATE CAPITOL CAPITOL MALL J im a x t he at e r s h yat t r e g e n c y grace coffee up p e r c r u s t p i z z a d o w n t o w n & v ine m aya h u e l g a l l a g he r s p ub L eviva midtown crocker art museum grange k bar k street

5 neighboring developments 5-minute walk to: 930 K STREET Just one half-block from the Property, 930 K Street is slated for redevelopment within the next 12 months. The proposed plan includes approximately 50 one bedroom residential units on top of 20,000 square feet of retail. Roughly 30 parking stalls are located beneath the building. Cathedral Square Cathedral Square is an entitled 25-story, mixeduse residential high rise on the southwest corner of 11th and J Street. The project will include 233 residential units over 23 floors and 12,000 square feet of ground floor retail. The project is also proposed to include an amenity level with pool, space and landscaped terrace. The Metropolitan Tower The northeast corner of 10th and J Street, just one half-block from the Property, is owned by SACA Development and is entitled to be a 40-story, 60,000 square foot condominium tower. The tower would have 350 residential units and 13,000 square feet of ground floor retail. GOLDEN 1 CENTER Just 3.5 blocks from the front door of the Property sits the entrance to the Golden 1 Center, a $600 million sports and entertainment complex set to open in October A third-party study estimates that the 17,500 seat arena will attract 1.6 million new visitors to Downtown Sacramento each year, and will be the driving force behind $11.58 billion in estimated positive economic growth over the next 35 years. The arena will host over 200 events each year ranging from sporting events to concerts to civic events and ceremonies. The surrounding DoCo development will feature over 600,000 square feet of retail shopping, dining and entertainment space thus creating a truly dynamic year-round shopping and lifestyle destination. CONVENTION CENTER The downtown Sacramento Convention Center Complex is a little more than 3 blocks away, and it consists over 137,000 square feet of exhibit space, 31 meeting rooms, including a 24,000 square foot ballroom; the 2,398-seat Community Center Theater; and the 3,849-seat Memorial Auditorium, which also houses the 272-seat Jean Runyon Theater. The Convention Center hosts an average of 600,000 attendees annually. The City of Sacramento and the tourism bureau are planning a dramatic expansion of the Complex. CAPITOL The Property is located no more than 2 blocks from the north steps of the State Capitol, thus dramatically increasing its marketability to a myriad of lobbying, statewide association and politically-driven firms looking to purchase a building. The Property represents one of three current acquisition opportunities within 4 blocks of the State Capitol; the other two buildings are listed for well above $200 per square foot and in arguably inferior locations.

6 building ergonomics being situated in the center of the k street mall, our building has no shortage of transport options subject property comparable properties parking garages rt light rail stops th STREET 1029 K STREET parking: K STREET The Property includes a below-grade parking garage with 8 reserved stalls (ratio of 0.3/1000 SF). The garage is accessed with a remote-controlled roll up door that is in the alleyway between J and K Streets. The Property is located directly between cityowned parking garages the Capitol Garage on 10th and L Streets with 173 spaces and the City Hall Garage at 10th and I Streets with 198 spaces. Monthly parking is available at both garages for $185 per month. Hourly parking at these garages is $1.50 per half hour, with a maximum charge of $20 per day. Additionally, the Property is located 100 yards from the Cathedral Square Light Rail Station, which services the Blue Line running between Watt & I-80 and to Cosumnes River College. Furthermore, the Property is located two blocks from the St Rose of Lima Park Station servicing the Blue and Green Lines, and the 8th & K Station servicing the Gold and Green Lines. The Gold Line runs from Historic Folsom to the Sacramento Valley Train Station continuously, and The Green Line provides connectivity to the Township 9 master planned mixed-use community. J 923 K STREET K

7 TURTON ken turton D.R.E. Lic jon lang D.R.E. Lic patrick stelmach D.R.E. Lic L STREET, STE 200, SACRAMENTO, CA TURTONCOM.COM