DOWNTOWN SACRAMENTO OFF ICE BUILD ING FOR SALE

2131 CAPITOL AVENUE, STE 100 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2020 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.

JON LANGVICE PRESIDENT - LIC. 01934934916.573.3302JONL ANG@TURTONCOM.COM

AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A ARONMARCHAND@TURTONCOM.COM

0 2

930

KEN TURTONPRESIDENT - LIC. 01219637916.573.3300KENTURTON@TURTONCOM.COM

DOWNTOWN OFFICE BUILDING FOR SALE NEAR GOLDEN 1 CENTER, STATE CAPITOL & THE NEW MLS STADIUM

Section One: The Opportunity

0 3

THE OPPORTUNITY

LOCATED AT GROUND ZERO OF SACRAMENTO’S URBAN RENAISSANCE

18,710SF OFFICE BUILDING

$5.2MPURCHASE PRICE

$278PRICE PER SF

Turton Commercial Real Estate is pleased to offer to

the market for sale 930 G Street (the “Property”), an

18,710-square foot, two story office building situat-

ed on a 17,600 square foot parcel of land in Down-

town, Sacramento. The Property is being offered at

$5,200,000 or $278 per square foot which represents

8.2% pro-forma unleveraged capitalization rate.

The Property is a rare and unique opportunity for

an owner-user or investor to acquire a well-located,

prominent, and secure office building in the urban

core. Currently owned and occupied by Pacific Legal

Foundation, the Property is well-suited for a law firm,

accounting firm, non-profit organization, or associ-

ation. Further, the Property features 30 secured and

covered parking stalls, a valuable amenity for a user

or tenant, in a pocket of Downtown where parking is

increasingly difficult to secure. To illustrate its scar-

city, there are only three office buildings between

10,000 and 20,000 square feet available for an own-

er-user in the urban core right now. Of the three other

buildings, two of these opportunities are in escrow at

or above $300 per square foot.

While the Property is priced aggressively relative to

other opportunities, it should also be noted that this

purchase price is well below replacement cost for a

comparable building in the urban core. For example,

recent land sales substantiate land value of $100 per

square foot and the estimated construction costs,

including both capital and tenant improvements,

would run upwards of $300 per square foot. Together,

it would cost approximately $400 per square foot, or

approximately 45% more than the purchase price, to

construct this exact building in today’s market.

Perhaps no aspect of the Property is more notable

than its location in the heart of Downtown Sacra-

mento though. From a legal or political perspective,

nearly every meaningful city, state, or county building

is within walking distance. The Property is situated

one-half block from both Sacramento City Hall, the

County Courthouse, and the County District Attorney’s

Office. Just a mere three blocks away is the bound-

ary of the Railyards Project, future home to 10,000

residential units, several million square feet of office

space, 1,000+ hotel rooms, and the Sacramento Re-

public MLS stadium. Clocking in at five blocks away is

the State Capitol, Federal District Courthouse for the

Eastern District of California, the Golden 1 Center, and

Downtown Commons (DOCO).

RAREOWNER-USER / INVESTMENT OPPORTUNITY

930

0 6

Address: 930 G Street

Sacramento, CA 95814

Building Size: +/-18,710 SF

APN: 002-0152-028-0000

Year Built: 1961

Year Renovated: Approx. 2014

Zoning: OB

Secured On-site Parking

(partially covered) 30

Construction Type: Wood

Elevator: Yes

Roof: TPO Membrane

Parcel Size: +/-17,598 SF

Price: $5,200,000

Pro-forma Annual Net Rent*: $373,265

Pro-forma Annual Net Parking Income: $54,000

Pro-forma Annual Net Operating Income: $427,265

Pro-forma Annual Unleveraged Yield: 8.2%

Pro-forma Annual Leveraged Yield**: 11.49%

PROPERTY DETAILS

Section One: The Opportunity

ATTRACTIVE AUTHENTIC BRICK FINISHES AND AN ABUNDANCE OF ON-SITE PARK-ING - A RARE AMENITY DOWNTOWN

930

* Based on $1.75 per RSF net or $2.35 per RSF Full-Service Gross** Based on following financing variables: 25-year amortization, 10 year fixed rate at 3.5%, 60% LTV

1 0

Section Two: The Location

1BLOCK FROM

CITY HALL

6BLOCKS FROM THE

CONVENTION CENTER

8BLOCKS FROM

I-5 INGRESS & EGRESS

7BLOCKS FROM

GOLDEN 1 CENTER / DOCO

3BLOCKS TO

RAILYARDS DEVELOPMENT

1BLOCK FROM

COUNTY COURTHOUSE

3BLOCKS TO SAC

REPUBLIC MLS STADIUM

5BLOCKS FROM THE

STATE CAPITOL

4BLOCKS FROM COUNTY

ADMINISTRATION OFFICES

4BLOCKS FROM

K STREET RETAIL

0 7

BUILDING LOCATIONIN THE MIDDLE OF A HIGHLY-DESIREABLE NEIGHBORHOOD

The Property enjoys an outstanding location centrally positioned by all of Sacramento’s most desirable amenities:

930

L

Golden 1 Center

11th

10th

JK

0 9

Section Two: The Location

The Bel Vue

TigerBailarin CellarsKodaiko RamenSolomon’s Deli

Ruhstaller TaproomMidiCi

Koja Kitchen

See’s CandiesStarbucks

Cafe ConnectionCafe Roma

La Bou

Morgan’s MillDistrict 30

Crest TheaterDive Bar

Pizza Rock

Temple CoffeeBud’s Buffet

Grange RestaurantTeriyaki To Go

La Bou

Hyatt Regency

Cesar Chavez Park

Bangkok@12 Thai

930 G Street

DOCO

The Bank

City Hall

County Court House

Sac Central Library

Kimpton Sawyer

The Railyards

The Citizen Hotel

930

Naked Coffee

CAPITO

L MAL

L

A window of opportunity to secure advantagous pricing for real estate in a sub-market that has shown steady demand and growth.

DOWNTOWN MARKET

Section Two: The Location

The COVID-19 pandemic and 2020 BLM protests have

had a major impact on the live/work value proposi-

tion of the Downtown and Midtown markets. Enter-

tainment amenities along with the best restaurants,

cafes, bars and multi-generational retail has always

been the foundation of the urban core allure that has

attracted the highest absorption rate of any of the

submarkets over the last five years. With all major

conventions, sporting and entertainment events put

on hold along with a moratorium on all restaurant and

personal non-medical services for five of the last six

months, urban core retail has suffered and the desir-

ability of the urban working environment has suffered

correspondingly.

Many see this as a temporary window of opportuni-

ty to secure advantageous pricing for real estate in

a sub-market that has shown steady demand and

growth. This is demonstrated in our conservative

rents and capitalization rate. While every submarket

from Roseville and Folsom to Davis has been impact-

ed by the pandemic, most agree that, because Sacra-

mento is still the capitol of the 5th largest economy

in the world and second only to Washington D.C. in

political importance, it is only a matter of time before

all amenities and services will be restored and the

residential and commercial demand of the last 10 –

20 years continues.

The Downtown submarket has seen quite a change

over the last two decades…public officials have been

strategically acquiring property, instituting redevelop-

ment guidelines, establishing development incentives

and making public policy changes to attract retail,

residential, and office tenants while simultaneously

encouraging high density projects (starting with the

section of K Street from 11th to 7th Street).

Through 2013, the results of these efforts had been

slow but steady. The redevelopment of the Citizen/

Grange and Sheraton hotels (at 10th and 12th on J

Street respectively), The Forum Building at 9th and K

Street, 630 K Street and the former Woolworth’s, and

Roos Atkins department stores at 10th and K Street

being the foremost examples. In 2014, these efforts

were expedited by the approval and now completed

multi-purpose 780,000 SF, 17,500-seat Golden 1 Cen-

ter in the former Downtown Plaza.

1 1

930

The property benefits from all that Downtown Sacramento has to offer. The ultra centralized location provides easy access to every corner of the city.

POPULAR RESTAURANTS NEAR 930 G STREET (not all are mentioned here):

58 Degrees & Holding Co.Ace of SpadesAioli Bodega EspanolaAmaro Italian Bistro & BarArt of ToysAzul MexicanBadlandsBar WestBento BoxBevMoBike DogBottle & BarlowBroderick MidtownBuckhorn GrillBurger PatchBurgers and BrewCafe BernardoCantina AlleyCentro Cocina MexicanaChipotleCornerstone

CrepevilleDarling AviaryDer BiergartenEatuscany CafeElixir Bar & GrillFacesFederalist Public HouseFieldwork Brewing Co.FishFace Poke BarFit EatsFox & Goose Public HouseFrank Fat’sGinger Elizabeth ChocolatesGrangeHighwaterI Love TeriyakiIdentity CoffeeIron Horse TavernJack’s Urban EatsJamie’s Broadway GrillKarma Brew

Kojac KitchenKru JapaneseKupros Craft HouseLowbrauLove ChildLuccaLuna’s Cafe & Juice BarMango’s/BurgertownMake FishMassulo PizzaMercantile SaloonMetro Kitchen & DrinkeryMidiCi Neapolitan PizzaMikuni SushiMonkey BarMorgan’s MillMulvaney’s B&LN Street CafeNekterNidoOld Soul Coffee

Pachamama Coffee CoopPaesano’sParagary’sPizzeria UrbanoPortofino’sPress BistroPronto PizzaPushkin’s BakeryQ Street Bar & GrillR15Red RabbitRick’s Dessert DinerRiverside ClubhouseRoxie Deli and BarbecueRuhstallerSakamotoSauced BBQ & SpiritsSee’s CandiesSelland’sShady LadyShoki Ramen House

Squeeze InnSun & Soil JuiceTank House BBQTapa the WorldTea Cup CafeTemple CoffeeThai BasilThai CanteenThe Golden BearThe Mill Coffee HouseThe PorchThe RindThe WaterboyTres HermanasUncle Vito’s PizzaUniversity of BeerVic’s Ice CreamWaffle Square Country KitchenYogurt a GoGoZelda’s PizzaZocalo

NEARBY AMENITIES

1 3

Section Two: The Location

L

Golden 1 CenterDoco

The Sawyer

I

I-5

10TH

13TH

The State Capitol

Pizza RockCrest Theatre

EllaDive Bar | District 30

Maya’s KitchenOsaka Sushi

Coin-OpTaco Bell Cantina

La BouStarbucks

See’s CandyChicory Cafe

Golden 1

Hyatt Regency

Upper Crust PIzzaEsquire GrillImax Theatre

Convention CenterGrace Coffee

Community Center Theater

Ma Jong’sThe Park

Cafeteria 15L

Old sacramentoThe Railyards

930 G Street

Convention Center(Remodel Underway)

Sheraton Grand

Court House

930

MidiCi PIzzaBailarin Cellars

RuhstallerDarling AviaryKoja Kitchen

Convention CenterTo keep Sacramento competitive in the convention industry, the City of Sacramento has

approved the expansion of the Sacramento Convention Center and will be spending more

than $100 million to complete this incredible project. Plans for the project include additional

ballrooms, larger exhibit hall and more meeting space. These plans allow the Convention

Center to hold multiple events at the same time. It is part of a 3-project renovation/

modernization that includes the Memorial Auditorium and the Community Center Theatre.

830 K Street830 K Street is a 63,000 sf four story office building features a historical brick façade with

the original chain driven windows. This iconic K Street property is currently undergoing a

complete renovation.

731 K Street731 K Street is a 3-story mid-rise mixed-use building comprised of 2 levels of above

ground office space, ground floor retail and lower level space totaling 16,793 sf. Currently

undergoing a complete remodel for the new headquarters for Cambria Solutions.

The HardinSituated on the half-block bounded by 7th, 8th, and K Streets, The Hardin is a large,

mixed-use redevelopment project comprised of historic 19th century structures and is

poised to become the new nexus of K Street.

10KMohanna Development Co. plans to construct a 15-story urban residential building with a

hotel component. The project will include 186 small format residential units and the hotel

930 G also benefits from proximity to several nearby development projects which will serve tenants near the Property for years to come.

NEARBY REDEVELOPMENT PROJECTS

portion will have 205 rooms. A retail component is also planned with 7,400 sf located on

the ground floor.

800 BlockCFY Development’s 800 Block mixed-use project will feature 150 residential units with

another 25,600 sf of new retail on K and L Streets.

The Bel VueThe property is a three story 22-unit multifamily property originally built in 1909. The

building is undergoing a full renovation, including new residential affordable housing units

upstairs, and a new ground floor retail experience with new retail storefronts,. The ground

floor offers two incredible retail opportunities with one unit approximately ±1,969 sf and the

second unit approximately ±2,608 sf.

Doco and Golden 1 CenterGolden 1 Center seats 17,500 and hosts hundreds of days of events a year. The development

project adds up to 1.5 million sf of additional development, branded as DOCO, that includes

250,000 sf of office, 630,000 sf of retail, a 250-room Kimpton hotel, and 45 residential

units.

Cathedral Square (at 11th and J)Cathedral Square, one of the largest and highest profile mixed-use projects under

development in Sacramento’s urban core, will provide 153 new multi-family apartments,

102 parking stalls with and 10,320 sf of retail space in a new 7-story building located at the

southwest corner of 11th and J Streets, along urban Sacramento’s busiest thoroughfare.

1 5

Section Two: The Location

THE BEL VUE

DOCO & GOLDEN 1

THE HARDIN CATHEDRAL SQUARECONVENTIONCENTER

CONVENTION CENTER

The Railyards are poised to be the new downtown with office, retail and multi-family amenties. Nearby buildings and their tenants will benefit from the added amenities and living options.

RAILYARDS

1 7

Section Two: The Location

The Railyards development project is located just

north of I Street that will double the footprint of

Downtown Sacramento. Originally built to serve

as the western terminal for the Transcontinental

Railroad, the 244-acre site is now considered the

single largest and transformative development

site in Northern California. The development will

be a dynamic, dense, and modern urban environ-

ment featuring a state-of-the-art mass transit

hub with access to the entire city.

Within the next decade, the Railyards will fea-

ture up to 10,000 residential units, over 500,000

square feet of retail 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.

930

Sacramento is the Capitol of California, the fifth larg-

est economy in the world. While perhaps not consid-

ered as prolific 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, Sacra-

mento is being increasingly recognized as an outdoor

enthusiast’s dream city with its remarkably central

location to Lake Tahoe, the Sierras, Yosemite and the

Coast.

In a recent study completed by WalletHub for Nation-

al Nutrition Month, Sacramento was ranked the 5th

healthiest city in the United States among 100 large

cities (ranking higher than the likes of Denver, Col-

orado Springs, San Francisco, Portland, Austin, San

Antonio and Seattle). Forbes magazine ranked Sacra-

mento as the 10th healthiest city in the United States

SACRAMENTO

CALIFORNIA’S FASTEST-GROWING METROPOLITAN AREA

215+15.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTS

versus all cities. A big part of this recognition stems

from the city’s proximity to the American River. Hik-

ing trails and white-water rafting abound along the

American River as well as one of Sacramento’s crown

jewels - the 32-mile American River Bike Trail which

runs entirely along the river from Beal’s State Park to

Discovery Park where it conjoins with the Sacramento

River to Old Sacramento on the riverfront (a stones

throw from the Subject Property).

1 9

THERE’S A REASON EVERYONE IS COMING HERE.

Section Three: Sacramento 930

Section Three: Sacramento

Located only 85 miles east of San Francisco, Sac-

ramento enjoys easy, unfettered access to all of the

entertainment amenities provided by the robust Bay

Area as well as the entire Northern California region,

for about 60% of the cost.

Blessed with a consistent climate featuring over

300 days of sun on average throughout the year, the

region is located at the Northern portion the Cen-

tral Valley which produces more agriculture than any

other valley in the United States, If you are eating a

tomato in the United States there is a 9 in 10 chance

it came from the Central Valley. Lettuce, almonds,

rice and mandarin oranges are close behind. This

unique combination of soil, water and temperature in

coordination with Sacramento’s solid, highly reliable

economic base to create the perfect combination

of variables to truly make Sacramento the “farm-

to-fork” capital of the world. No one on Earth, as

a whole, eats more fresh food than Sacramentans.

And if you want to select the perfect wine to com-

pliment your meal you are a mere 60 minutes from

arguably the finest wine region in the world. On any

given day it is faster (not closer) to get to downtown

Napa from downtown Sacramento than downtown

San Francisco.

Ten minutes from downtown Sacramento is UC Da-

vis - acknowledged as one of the finest agricultural

institutions in America. UCD is home to the Mondavi

Center, a $10M performance art center donated by

the Mondavi Family who maintains a close relation-

ship with their renowned viticulture department.

In addition to the State Government, Sacramento

features a number of larger locally based employers

including Vision Service Plan, Blue Diamond Almond

Growers (located on 16th Street), Raley’s, Sutter

Health, Dignity Health, Kaiser Permanente, UC Da-

vis Medical Center, McClatchy as well as California

Public Employees Retirement System and California

State Teachers Employee Retirement System... two

of the largest pension funds in the world. Regional

employers with large presence in Sacramento in-

clude AT&T, Wells Fargo, Intel, Apple, AAA and Tesla.

Employment growth in Sacramento has largely

outpaced the national average since 2012. Profes-

sional and business services, as well as leisure and

hospitality, have been among the strongest growth

sectors in this cycle, but education and health ser-

vices, sector has been the largest contributor to job

growth since the bottom of the economic downturn.

Total employment in this sector is nearly 25% above

its prerecession peak. Local hospitals have noted

that, as of May 2017, thousands of medical positions

remain unfilled due to the lack of skilled talent in

the metro. Within the professional and business ser-

vices sector, administrative and support jobs have

benefitted, because the metro’s low business costs

attract firms with back-office operations. Continued

growth is expected in the state and local government

sectors. Sacramento has the highest share of pub-

lic sector employment in the country (approximately

25%) ahead of even that of Washington D.C.

Sacramento’s relative affordability versus ame-

nities remains one of its biggest draws. Population

growth is expected to average about 1% (20,000

annually for the region) over the next five years and

is expected to outpace the national average. House-

hold growth continues to far outpace the rate of sin-

gle-family and apartment deliveries. In recent years,

Bay Area residents have flocked to Sacramento to

escape exorbitant housing costs.

SACRAMENTO

2 1

930

The urban core of Sacramento (Downtown and Midtown) is the most desirable business location in the Sac-ramento region and easily boasts the lowest combined commercial vacancy rate, hovering between 5 – 8%.

URBAN RENAISSANCE

Section Three: Sacramento

While the Golden 1 Center has expedited urban

renovation on the K Street Grid, the renaissance of

Sacramento’s urban sectors surrounding the K Street

Grid has been underway for several years now. Res-

idential migration to the higher density urban cores

is a phenomenon easily recognizable in Tier 1 popu-

lation centers like New York, Chicago, Philadelphia,

and in California, Los Angeles, San Francisco and

San Diego. This same pattern is now beginning in

Tier 2 population centers like Portland, Denver, San

Antonio and Sacramento.

The urban core of Sacramento (Downtown and Mid-

town) is the most desirable business location the

Sacramento region and easily boasts the lowest

combined commercial vacancy rate, hovering be-

tween 5 – 8%. This figure is impressive when factor-

ing in many buildings marketed as “available” that

are functionally obsolete and non-compliant. The ur-

ban core is the perfect fusion of multi-generational

locally owned business, organic youth infused retail

and services, a healthy dose of carefully selected

national and regional retailers, the best restaurants

east of the Bay Bridge, an eclectic mix of high-end

demographic occupations all magically embedded in

a landscape of unique older buildings and mature

trees and flora.

Developers are now highly focused on the “cool”

vacant buildings and key infill properties within

the downtown grid to further capitalize on this in-

creasing demand. Unique historical buildings and

warehouses, multi-story downtown midrise struc-

tures with impressive window lines and ceiling

heights, multi-generational businesses with local

ownerships, mature landscape with generous tree

lines and an impressive, yet eclectic, residential

and workforce demographic create the foundation

for amazing opportunity. Having the Capitol of the

world’s 5th largest economy located five blocks from

the new Golden 1 Center provides even more demand

and market stability.

Office and retail vacancy has traditionally hovered

at a steady 8 – 11%, much of which is due to chron-

ic vacancy in the form of non-compliant blighted

buildings. Even then, residential vacancy is virtu-

ally non-existent. Recent new construction projects

have leased up faster than pro-forma. Virtually ev-

ery vacant building within the Grid or immediately

surrounding area has activity. If one looks at the

history of urban development in Sacramento along

with current composition of activity, momentum and

demand, the most attractive opportunities reside

within the Grid, and the opportunity with the most

versatility, best location and greatest upside with

least risk are properties located within the Grid.

2 3

930

#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

#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

SACRAMENTO’S CITY RANKINGS

SACRAMENTO DATA BITESSacramento’s relative affordability versus amenities remains one of its biggest draws. Population growth is expected

to average about 1% (20,000 annually for the region) over the next five years and is expected to outpace the national

average. Household growth continues to far outpace the rate of single-family and apartment deliveries. In recent years,

Bay Area residents have flocked to Sacramento to escape exorbitant housing costs.

2 5

Section Three: Sacramento

FASTER GROWTH THAN AVG IN PRO-FESSIONALS WITH BACHELORS

2013 2015 2017 2019100%

102%

104%

106%

108%

110%

SACRAMENTO 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 2019

NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:

1 MILE 2 3

98,091

131,780

182,349

48% Public Admin. & Sales

17% Science & Tech.

4% Information

5% Healthcare & Social

7% Hospitality & Food

19% Other

WALKSCORE:

95BIKE

SCORE:

99TRANSITSCORE:

69

930

Sect ion Four : Economics

2 7

FLOOR PLANS

ECONOMICS

930

RSF: 18,710

Market monthly rent per square feet: $1.75/SF NNN

Monthly rent: $32,742

Monthly parking income: $4,500

Gross Monthly Rent: $37,242

Gross Annual Rent: $446,910

Less 5% vacancy: ($22,346)

Gross Annual less V/R: $424,565

Net Operating Income w/ Pro-forma taxes: $424,565

Purchase Price: $5,200,000

Capitalization Rate: 8.2%

2 9

2131 CAPITOL AVENUE, STE 100 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2020 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.

JON LANGVICE PRESIDENT - LIC. 01934934916.573.3302JONL ANG@TURTONCOM.COM

AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A ARONMARCHAND@TURTONCOM.COM

KEN TURTONPRESIDENT - LIC. 01219637916.573.3300KENTURTON@TURTONCOM.COM

930