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ICONIC K STREE T ACQUISIT ION A ND REDE VELOPMEN T OPPORTUNIT Y
830K S T R E E T
830 K S T R E E T
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2018 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
SCOTT KINGSTONVICE PRESIDENT
D.R.E. LIC. 01485640916.612.5314
SCOT [email protected]
AARON MARCHANDVICE PRESIDENT
D.R.E. LIC. 01711650916.573.3305
JON LANGVICE PRESIDENT
D.R.E. LIC. 01934934916.573.3302
JONL [email protected]
KEN TURTONPRESIDENT
D.R.E. LIC. 01219637916.573.3300
Section One: The Property
0 2
THE PROPERTY55,784 4 100+S.F. BUILDING FLOORS NEARBY AMENITIES
I C O N I C K S T R E E T R E D E V E L O P M E N T O P P O R T U N I T Y
830 K Street represents one of the rarest purchase op-
portunities in the Sacramento Region. Renowned histori-
cally as the Montgomery Ward Building, it is a four-story,
55,000 SF building located squarely in the middle of
everything.
Comprised of the original chain driven windows, brick
and historical façade, the building encompasses every-
thing urban tenants hunger for: authentic, historic, raw,
open, re-purposed, re-imagined space in the middle of
Sacramento’s Entertainment District.
The Property is also located in the K Street Redevelop-
ment Zone which was implemented to create a mixed-use
live/work entertainment zone along K Street. Patterned
(somewhat loosely) in similar fashion to the Pearl Dis-
trict in Portland, OR, the City of Sacramento saw the va-
cant, blighted buildings along K Street as an opportunity
to create a dynamic entertainment grid that would en-
courage residents to live in the area and form a vibrant,
energized urban core that allowed for an 18 hour daily
economic cycle.
It is difficult to describe how rare an opportunity to pur-
chase an asset of this size and location is. It would not
be an overstatement to say an opportunity of this nature
may never present itself again.
830 K S T R E E T
0 2
830 K STREET IS A BEAUTIFUL, FOUR-STORY BUILDING ON ONE OF SACRAMENTO’S MOST UP-AND-COMING CORNERS
Section One: The Property
830 K Street
830 K S T R E E T
830 K STREET, BUILT IN 1935, IS A RARE OPPORTUNITY TO REPOSITION AN ICONIC BUILDING IN SACRAMENTO’S HOTTEST DEVELOPMENT CORRIDOR
J Approximately 55,784 SF total
J 12,800 SF parcel size
J +/- 12,766 SF typical floor size
J Up to +/- 11,000 square feet of ground floor retail
J Contiguous space up to 55,784 square feet
J Historical design aesthetic
J Elevator served
J Concrete and steel construction
PROPERTY FEATURES
0 4
Section One: The Property
REMARKABLE FEATURES AND BEST IN CLASS DESIGN THAT ATTRACTS SUPERIOR TALENT AND CULTIVATES A
DISTINCT COMPANY CULTURE
830 K S T R E E T
0 7
0 8
Section Two: The Recent Urban Renaissance
SACRAMENTO’S URBAN CORE IS ON A RAPID UPWARD TRAJECTORY
The word “renaissance” is often used inappropriately to
describe economic development in cities. However, that is
not the case in Sacramento’s urban districts. And nowhere
is the word “renaissance” more applicable than Downtown
Sacramento near 830 K Street.
Since the formal approval to construct Golden One Center,
the floodgates have figuratively opened to the urban mi-
gration of retailers, businesses and residents. One of the
key beneficiaries is K Street.
Situated squarely between the immediate surrounding K
SAC RENAISSANCE
C A L I F O R N I A ’ S F A S T E S T - G R O W I N G M E T R O P O L I T A N A R E A
Street redevelopment, DOCO, the Railyards, and Golden
One Center, the area is poised for a rapid urban revital-
ization. K Street is rapidly becoming the social epicenter
of the city; however, over the next five to ten years, the
area will continue to rapidly grow with the addition of the
following nearby development projects:
J The 700 Block
J Downtown Commons “DOCO”
J The Railyards
600,000+2,000+NEW HOUSING UNITS PLANNED SF OF NEW INFILL DEVELOPMENT
COUNTLESSNEW DEVELOPMENT PROJECTS
830 K S T R E E T
Situated on the half-block bounded by 7th, 8th, and K
Streets, the 700 Block is a large, mixed-use redevelopment
project comprised of historic 19th century structures and
is poised to become the new nexus of K Street.
The original buildings have been revamped to accommo-
date new retail venues and restaurants. In the other half
of the project, developers have demolished the rear portion
and constructed a new five-story apartment tower over a
two-level concrete parking garage podium, giving residents
of the top floor a sweeping view of the downtown core.
An alluring and inviting urban space on its own, the 700
Bock’s relevance is magnified by the presence of the K
Street entrance to the Golden 1 Center and the Downtown
Commons across the intersection. Being at the terminus
of the already up-and-coming K Street will bring a healthy
amount of foot traffic. And coupled with the public square
across the street, this project is bound to be a popular
urban destination.
THE 700 BLOCK
1 0
830 K S T R E E T
Section Two: The Recent Urban Renaissance
It’s a night on the town with best friends or a seat in the
plaza with coffee and pastry. Or seeing your favorite band
for the fifth time. Sitting outside in the warm air with a
craft cocktail. Surrounding yourself in amazing art and
architecture. Staying at one of the most eclectic hotels in
California. Shopping at one-of-a-kind boutiques alongside
the most recognized global brands. DOCO is where the lo-
cals hang out and visitors from around the globe experi-
ence this region at its finest.
Centered around the Golden 1 Center, the initial phase of
DOCO includes a 16-story mixed-use tower that houses a
Kimpton Hotel, called The Sawyer, with 250 hotel rooms
and 45 high-end residences.
When complete, this retail and entertainment destination
will house 630,000 sq. ft. of retail space and 250,000 sq.
ft. of office space. DOCO is the common ground that will
unite urban Sacramento and offer a gathering place for
the community.
DOWNTOWN COMMONS “DOCO”
Section Two: The Recent Urban Renaissance
1 3
830 K S T R E E T
1 4
“The Railyards” development project is located just north
of I Street that will double the footprint of Downtown Sac-
ramento. Originally built to serve as the western terminal
for the Transcontinental Railroad, the 244-acre site is now
considered the single largest and transformative develop-
ment site in Northern California. The development will be
a dynamic , dense, and modern urban environment fea-
turing a state-of-the-art mass transit hub with access to
the entire city.
Within the next decade, the Railyards will feature up to
10,000 residential units, over 500,000 square feet of re-
tail space, nearly 4,000,000 square feet of office space, a
1,300,000 square foot medical campus, 1,100 hotel rooms,
and 33 acres of open park-like space. Furthermore, if the
FC Republic soccer team were to secure a Major League
Soccer expansion franchise, a 25,000-seat soccer stadium
would be built in the Railyards. In a very true sense, The
Railyards are poised to be the new downtown.
THE RAILYARDS
Section Two: The Recent Urban Renaissance 830 K S T R E E T
Sacramento is the Capital of California, the sixth larg-
est economy in the world. While perhaps not considered
as sexy as many of the tourism based cities in California
such as San Francisco, Los Angeles and San Diego, being
the hub of California’s governmental structure provides
an incredible amount of economic stability throughout
the region. In addition, Sacramento is being increasingly
recognized as an outdoor enthusiast’s dream city with its
remarkably central location and bicycle / running trails
near the river.
In a recent study completed by WalletHub for National Nu-
trition Month, Sacramento was ranked the 5th healthiest
215+17,73615.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTSTOTAL DOWNTOWN RESIDENTS
1 6
SACRAMENTO
C A L I F O R N I A ’ S F A S T E S T - G R O W I N G M E T R O P O L I T A N A R E A
city in the United States among 100 large cities (ranking
higher than the likes of Denver, Colorado Springs, San
Francisco, Portland, Austin, San Antonio and Seattle).
Forbes magazine ranked Sacramento as the 10th health-
iest city in the United States versus all cities. A big part
of this recognition stems from the city’s proximity to the
American River. Hiking trails and white water rafting
abound along the American River as well as one of Sac-
ramento’s crown jewels - the 32 mile American River Bike
Trail - which runs entirely along the river from Beals Point
State Park to Discovery Park where it conjoins with the
Sacramento River and Old Sacramento on the riverfront.
Section Three: The Location
K STREET IS AN ICONIC CALLING CARD FOR SACRAMENTO
L O S A N G E L E S
S A N J O S E
#1 Happiest workers in midsized cities
#2 Top 10 most fun, affordable U.S. cities
#4 U.S metro clean tech index
#4 Best cities for nerds
#5 Hot startup cities
SACRAMENTO’S CITY RANKINGSSACRAMENTO REGION 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%
LARGEST EMPLOYMENT INDUSTRIES WITHIN 1 MILE RADIUS OF THE PROPERTY:
ANNUAL CONSUMER SPENDING WITHIN A ONE MILE RADIUS OF THE PROPERTY:
Entertainment
Eateries/alc.
Transport
Health & ed.
Household
20 40 60 80*Numbers in millions0
*Based on data from 2012
NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:
1 MILE 2 3
97,075
131,818
182,867
48% Public Admin. & Sales
17% Science & Tech.
4% Information
5% Healthcare & Social
7% Hospitality & Food
19% Other
#10 Best cities for women in the workforce
#10 Best cities for coffee snobs
#10 Least stressed-out cities
#14 America’s coolest cities
#16 Best cities for millennials
S A N F R A N C I S CO
830 K S T R E E T
DE
NV
ER
S E A T T L E
DE
NV
ER
S E A T T L E
Sacramento is the country’s farm to fork capital, has world class coffee, and sports a huge river parkway perfect for
running, riding, and hiking. The city is a short drive from Lake Tahoe, the Napa Valley, and San Francisco.
THIS
CITY
ROCKS
1 9
Section Three: The Location 830 K S T R E E T
2 0
9TH STREET
Burger LoungeEstelle’s Bakery
State Fare KitchenJimboy’s TacosPanda Express
Yard House
Pressed JuicerySauced BBQ
The Pizza PressHaagen-Dazs
Echo & Rig Steakhouse
GOLDEN 1 CENTER
DOWNTOWN COMMONSCAPITOL MALL DEV.
RAILYARDS DEV.
COURTHOUSE DEV.
Section Three: The Location
830 K Street
OPTIONS SURROUND THE PROPERTY AND ARE ONLY A SHORT WALK AWAY
DOZENS OF FOOD, DRINK, FITNESS, ENTERTAINMENT, AND TRANSPORT
AERIAL VIEW
1-2 minute walk
3-4 minute walk
5 minute walk
830 K S T R E E T
Pressed JuicerySauced BBQ
The Pizza PressHaagen-Dazs
Echo & Rig Steakhouse
SubwayBurger Inn
Golden Rice Bowl
Estelle’s BakeryVampire Penguin
Alejandro’s Taqueria
The Grid Bar & GrillSocial Club
Cal FitDive Bar
Pizza Rock
Crest TheaterEmpress Tavern
Crest CafeAsuka SushiMother Cafe
Ambrosia Cafe
Starbucks Reserve
Insight CoffeeGrange
Dad’s Sandwiches
Temple CoffeeLa Bonne Soup
Wayside Noodles
The DiplomatNamaste DeliChicory Cafe
Cafe Roma
Big Salad Shop
700 BLOCK DEV.
800 BLOCK DEV.
Situated in Downtown Sacramento on the thriving K Street corridor, just one block from Downtown Commons, 830 K Street has the best amenities immediately accessible in the entire urban core.
NEARBY AMENITIES
POPULAR AMENITIES WITHIN TWO BLOCKS OF 830 K STREET (NOT ALL ARE MENTIONED HERE):
24 Hour Fitness
All City Riders
All Good
Andy’s Candy
Azotea
Burger Lounge
Camden Spit & Larder
Cinemark Century XD
Climb Society
Echo & Rig
Echo & Rig Steakhouse
Ella
Estelle Bakery & Patisserie
Fizz
Food Bank
Getta Clue
Getta Clue Store
Golden 1 Center
House
Hyatt Centric Hotel
Il Fornaio
Insight Coffee Roasters
Kaiser Permanente
Kimpton Hotel
Kodaiko
KoJa Kitchen
Macy’s
Mavericks
MidiCi Pizza
Old Soul
Panda Express
Pick 6 Sports Lounge
Pre-Flight
Pressed Juicery
Punch Bowl Social
R. Douglas
Ruhstaller
Sauced BBQ & Spirits
Solomon’s Delicatessen
Starbucks Reserve
T Mobile
Temple Coffee
The Bank (food court)
The Russ Room
Tiger
Urban Outfitters
Yard House
2 2
SOUTHSIDE PARK
OLD SAC
CROCKER MUSEUM
RAILYARDS DEV.
Section Three: The Location
J
DOCO DEV.
N
7 TH
10TH
CREAMERY DEV.
CONVENTION CENTER
STATE CAPITOL
830 K Street
DOWNTOWN
STATE TOWER DEV.
700 BLOCK DEV.GOLDEN 1 CENTER
830 K S T R E E T
2 4
COMING HERE MEANS JOINING AN EMERGING COMMUNITY OF FORWARD-THINKING PROFESSIONALS
Section Four: The Experience
WORKING HERESEVERAL PLENTY COUNTLESS
OF GREAT LUNCH SPOTS IN THE AREACOOL MURALS NEARBY NEW FRIENDS TO BE MADE
A P L A C E Y O U R E M P L O Y E E S W I L L E N J O Y W O R K I N G
830 K Street is the perfect blend of contemporary and
historic. The office and retail space features exposed
ceilings and HVAC ductwork, massive windows along
three sides of the building, and on-site parking. The
exterior boasts regal turn-of-the-century architecture.
This is a building where employees enjoy coming to work
and staying after; where you can attract new employees
and retain the employees you have.
830 K S T R E E T
live
work
PLAYWalk out the front door of 830 K Street into the heart of
Downtown Sacramento. Grab lunch at DOCO, Happy Hour at Punch Bowl Social or Yard House, or a game at Golden 1
Center. Or, a date night at Echo & Rig, Happy Hour at Grange, and an evening at the new XD theaters at Doco. Afterwards, you can walk home to your new apartment at The Hardin or a
loft at the 800 J Lofts. The choice is yours.
2 6
Section Four: The Experience 830 K S T R E E T
FLOOR PLANS
O P E N S P A C E P R O V I D E S T E N A N T S W I T H A B L A N K C A N V A S
1-4 12,000-55,784 UNLIMITEDS.F. AVAILABLEAVAILABLE SPACES POSSIBILITES
Section Five: Floor Plans
2 19TH STREET
ALL
EY
K S
TREE
T
MECH RM
MEN
Tel/Comm
HVAC
UP
DN
UP
UP
DN
Tel/Comm
HVAC
Open To Lower Lvl Open To Lower Lvl
HVAC
WOMEN
HVAC HVAC
19'-1"
9'-0" 20'-0" 20'-0" 19'-11" 20'-0" 20'-0" 20'-0" 13'-5"
19'-6"
19'-6"
19'-6"
18'-8"
14'-7"
18'-9" 7'-11" 32'-1" 7'-11" 32'-1" 7'-10" 32'-6"
68'-6"
141'-4"
67'-9"
SCALE
0 5 10 15 20
FLOOR PLAN
Survey Accuracy: +/- %0.09
PREPARED FOR:RMW1718 Third Street, Suite 101Sacramento, CA 95814
830 K STREETSACRAMENTO, CA
(As Measured: March 2015)FIRST FLOOR
TEL: (916) 781-6543FILE: L150125-01 (15-112)LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.
Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
Billing Summary Measured Area: 62,991 s.f.
Corporate Design Group, Inc.
Measured Area: 11,964 s.f.
MEN
WOMEN
MECH RM
9'-0" 20'-0" 20'-0" 19'-11" 20'-0" 20'-0" 20'-0" 19'-0"
19'-6"
19'-6"
19'-6"
19'-7"
8'-6"18'-1" 32'-1" 7'-11" 8'-5"31'-7" 38'-1"
67'-7"
9'-5"
77'-3"
Tel/Comm
Tel/Comm
UP
DN
UP
DN
UP
144'-9"
Skywalk To Next BuildingN/A
Utility
SCALE
0 5 10 15 20
FLOOR PLAN
Survey Accuracy: +/- %0.09
Note: All dimensions shown are rounded to thenearest inch, for informational purposes only.All measurements are recorded to 1/8" accuracyas documented in the final CAD drawing supplied.
PREPARED FOR:RMW1718 Third Street, Suite 101Sacramento, CA 95814
830 K STREETSACRAMENTO, CA
(As Measured: March 2015)SECOND FLOOR
TEL: (916) 781-6543FILE: L150125-01 (15-112)LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.
Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
Corporate Design Group, Inc.
Measured Area: 12,766 s.f.
830 K S T R E E T
FISRT FLOOR SECOND FLOOR
DN
UP
DN UP
Tel/Comm
Tel/Comm
N/A
WOMEN
MEN
JAN RM
MECH RM15R
UTILITY RM
9'-0" 20'-0" 20'-0" 19'-11" 20'-0" 20'-0" 20'-0" 18'-6"
19'-2"
19'-6"
19'-6"
18'-8"
13'-2"
9'-11"
18'-2" 8'-5" 30'-7" 9'-6" 31'-7" 8'-5" 37'-9"
77'-8"
144'-4"
SCALE
0 5 10 15 20
FLOOR PLAN
Survey Accuracy: +/- %0.08
Note: All dimensions shown are rounded to thenearest inch, for informational purposes only.All measurements are recorded to 1/8" accuracyas documented in the final CAD drawing supplied.
PREPARED FOR:RMW1718 Third Street, Suite 101Sacramento, CA 95814
830 K STREETSACRAMENTO, CA
(As Measured: March 2015)THIRD FLOOR
TEL: (916) 781-6543FILE: L150125-01 (15-112)LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.
Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
Corporate Design Group, Inc.
Measured Area: 12,766 s.f.
MEN
WOMEN
9'-0" 20'-0" 20'-0" 19'-11" 20'-0" 20'-0" 20'-0" 18'-6"
19'-6"
19'-6"
19'-6"
19'-2"
8'-5"18'-2" 30'-7" 9'-6" 8'-5"31'-7" 37'-9"
72'-2"
78'-0"
Tel/Comm
Tel/Comm
UtilityRm
DN
UP
DN
144'-4"
SCALE
0 5 10 15 20
FLOOR PLAN
Survey Accuracy: +/- %0.07
Note: All dimensions shown are rounded to thenearest inch, for informational purposes only.All measurements are recorded to 1/8" accuracyas documented in the final CAD drawing supplied.
PREPARED FOR:RMW1718 Third Street, Suite 101Sacramento, CA 95814
830 K STREETSACRAMENTO, CA
(As Measured: March 2015)FOURTH FLOOR
TEL: (916) 781-6543FILE: L150125-01 (15-112)LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.
Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
Corporate Design Group, Inc.
Measured Area: 12,766 s.f.
830 K S T R E E T
THIRD FLOOR FOURTH FLOOR
Section Five: Floor Plans
Section Six: Parking & Transport
3 2
GETTING HERE4 4 1,000+
ADJACENT LIGHT RAIL STATIONSMAJOR FREEWAYS PARKING STALLS
F R E T O V E R P A R K I N G I N T H E U R B A N C O R E N O M O R E
830 K Street can take advantage of over 1,000 monthly
parking stalls allocated between private and public park-
ing garages within a five-block radius of the Property.
Most notably, The Renaissance Tower located at 801 K
Street, provides month-to-month parking directly across
the street. Just next door, at 1010 8th Street, a private
garage provides convenient monthly parking to nearby
tenants for market rate. The Capitol Garage (10th and L
Street) is located three blocks from the Property and the
City Hall Garage (10th and I Street) is located just 4 blocks
away. In addition to the monthly parking stated above, the
new City of Sacramento Parking Management System is
committed to finding and reserving additional parking
stalls in a variety of garages and lots upon request.
The building is also conveniently located at the 8th and
K Street Sacramento Light rail station that services all
three RT lines. From this location, one can reach outly-
ing stations at the Sacramento Train Station, Township
9, Citrus Heights, Folsom, or Elk Grove without switching
trains.
830 K S T R E E T
BIKE
DRIVE
RIDE
WALK
3 4
Section Six: Parking & Transport
LIGHT RAIL STOPLIGHT RAIL STOP LIGHT RAIL STOP
J
N
10TH
LIGHT RAIL STOP
830 K S T R E E T
830 K S T R E E T
3 6
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2018 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
SCOTT KINGSTONVICE PRESIDENT
D.R.E. LIC. 01485640916.612.5314
SCOT [email protected]
AARON MARCHANDVICE PRESIDENT
D.R.E. LIC. 01711650916.573.3305
JON LANGVICE PRESIDENT
D.R.E. LIC. 01934934916.573.3302
JONL [email protected]
KEN TURTONPRESIDENT
D.R.E. LIC. 01219637916.573.3300