2418-2420 K STREET PRIME MIDTOWN BUILDING FOR LEASE TURTON
2 3 THE OFFERING TURTON COMMERCIAL REAL ESTATE IS PLEASED TO BRING TO LEASE ONE OF MIDTOWN S HOTTEST OFFICE/RETAIL BUILDINGS 2420 K Street is a mid-century modern mixed-use building located on one of Sacramento s most popular urban corridors. The geometrically-varied structure boasts large windowlines which are highly soughtafter features in today s market. Modern features are afixed throughout the building, along with tasteful older elements such as vintage brass banisters and a wooden trestle-framed skylight, bringing Sacramento s rich history to the modern redevlopment renaissance currently taking place. The property offers 2nd story office space above high-traffic ground floor retail suites. With thousands of pedestrains and cars passing the building daily, retail tenants are sure to get the recognition they seek on the popular midtown street. Additionally, the 2420 K Street includes a groundfloor garage with 10 covered parking spaces behind the building and three uncovered parking stalls adjacent to the alley. There is also plenty of street parking along K Street - a very important asset in the midtown market. BUILDING INFO ADDRESS: 2420 K STREET, SACRAMENTO, CA 95816 GROUND FLOOR : 538 SF SUITE 200: 1,538 SF SUITE 210: 548 SF LEASE RATE: $2.00/SF MODIFIED GROSS PARKING: 13 STALLS ZONING: C-2-NC USE: RETAIL / OFFICE
4 5 PROPERTY LOCATION TAKE ADVANTAGE OF SACRAMENTO S BURGEONING MIDTOWN MARKET Midtown Sacramento is the perfect fusion of multigenerational locally owned business and organic youth infused goods and services; a healthy dose of carefully selected national and regional retailers and an eclectic mix of high-end demographic occupations are embedded in a landscape of unique older buildings and mature trees. Business owners, residents and investors have flocked to the center of Sacramento s art, music, and cultural scene to cash in on the burgeoning and fruitful submarket. Many people consider Midtown to be the most centralized area in the City of Sacramento, with easy access to Downtown, Old Sacramento, West Sacramento and East Sacramento. Large infill housing and mixed-use development projects are scattered throughout the grid, indicating regional growth and an increased emphasis on inner-city living. jack s urban eats bombay indian cuisine zocalo paesano s portofino the press bistro chipotle [planned] whole foods temple coffee squeeze inn lowbrau azul peet s coffee p.f. ch a ng s mikuni memorial auditorium tank house domino s pizza noah s bagels starbucks pete s restaurant marika cafe subway starbucks pieology MONSOON INDIAN FOOD Midtown has emerged as one of the submarket s hottest micro-markets. 2420 K Street is near the epicenter of Midtown, which has an excellent daytime population and provides numerous eateries and professional amenities within easy walking distance. The area is also home to the Sutter General Hospital and its recent expansion project, and the planned B Street Theatre project. This high identity location is within walking distance of popular eateries, including: Tres Hermanas, Centro Cocina Mexicana, Cafe Bernardo, Golden Bear, Rick s Dessert Diner, Der Biergarten, Cantina AlleyChicago Fire Pizza, Beach Hut Deli, and Starbucks. Nearby professional amenities, include: Office Max, Fed Ex Kinkos, Floppy s Digital Prints, Wells Fargo, Citibank, U.S Bank, Woodard-Ficetti Dry Cleaners and Pucci s Leader Pharmacy. SUBJECT PROPERTY tres hermanas der biergarten K ST. soul food 24k cafe cornerstone 2420 K Street is located only four blocks from the Capital City Freeway. This allows for quick and easy access to both Interstate 80 and Highway 50. beach hut deli The downtown, East Sacramento and Campus Commons submarkets are only a short drive away via K Street or J Street - a popular thoroughfare and retail artery. chicago fire
7 PROPERT Y DEMOGRAPHICS MIDTOWN IS STRATEGICALLY LOCATED IN THE HEART OF SACRAMENTO S POPULAR AND RISING URBAN CORE SACRAMENTO ANNUAL SALARY BREAKDOWN Over $100,000. 17% $75,000 - $100,000. 11% $60,000 - $75,000. 10% $40,000 - $60,000. 18% $30,000 - $40,000. 12% Under $30,000. 32% DEMOGRAPHICS OF THE GRID 71,335 DAYTIME EMPLOYEES LARGEST NEARBY EMPLOYMENT INDUSTRIES WITHIN 1 MILE RADIUS 15.3 MILLION ANNUAL REGIONAL VISITORS 17,736 TOTAL DOWNTOWN RESIDENTS 11,062 Public Admin. & Sale 48% Scientific & Tech. 17% Hospitality & Food 7% Health Care & Social 5% Information 4% Other 19% TOTAL HOUSING UNITS 140 RESTAURANTS 55 DOWNTOWN BARS NUMBER OF EMPLOYEES WITHIN VARYING RADIUS: ANNUAL CONSUMER SPENDING WITHIN A ONE MILE RADIUS OF LOCATION: APPAREL ENTERTAINMENT 182,867 EATERIES/ALC. 131,818 TRANSPORT 97,075 HEALTH & ED. HOUSEHOLD 1 MILE 2 3 > These figures based on 0 20 40 60 80 > Numbers in millions data from 2012 APARTMENT BUILDING SALES (IN MILLIONS) 350 300 250 200 150 100 50 2010 2011 2012 2013 2014 2015 CITY RANKINGS #1 HAPPIEST WORKERS IN MIDSIZED CITIES #1 MOST VALUABLE MINOR LEAGUE BASEBALL TEAM #2 TOP 10 MOST FUN, AFFORDABLE U.S. CITIES #4 U.S METRO CLEAN TECH INDEX #4 BEST CITIES FOR NERDS #10 BEST CITIES FOR WOMEN IN THE WORKFORCE #10 BEST CITIES FOR COFFEE SNOBS #10 LEASE STRESSED-OUT CITIES #14 AMERICA S COOLEST CITIES #16 BEST CITIES FOR MILLENNIALS #25 AMERICA S TOP 50 BIKEFRIENDLY CITIES
8 9 PROPERTY FLOOR PLANS 2418-2420 K STREET NOTES: FIRST FLOOR SECOND FLOOR SUITE 250 SUITE 220/225 SUITE 230 OFFICE SUITE 210 548 RSF SUITE 240 CONF. 538 RSF TOILET SUITE 200 1,538 SF ENTRY 290 SF
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AARON MARCHAND D.R.E. LIC. 01711650 916.573.3305 A ARONMARCHAND@TURTONCOM.COM 2409 L STREET, STE 200, SACRAMENTO, CA 95816 916.573.3300 TURTONCOM.COM 2018 This information has been secured from sources believed to be reliable. Any projections, opinions, assumptions or estimates used are for example only and do not constitute any warranty or representation as to the accuracy of the information. All information should be verified through an independent investigation by the recipient, prior to execution of legal documents or purchase, to determine the suitability of the property for their needs. Logos and/or pictures are displayed for visual purposes only and are the property of their respective owners.