1801 K St

1801 K St, Sacramento, CA 95811

  • For Sale $3,500,000
  • Property Type Office
  • Property Size 19,738 SF
  • Lot Size 0.29 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1981
  • Year Renovated 2021
  • Date Updated Nov 7, 2024

The Property, priced well below replacement cost, is in a premier location along Midtown’s K Street corridor, and features two-floors of modern office space, built for the single tenant, the Public Employment Relations Board (PERB), who has occupied the location since 1982, and has lease term through 2030*. Moody’s Investors Service gives the State of California a Aa2 bond rating, and Standard and Poor’s, a AA-, two very consistent and reliable ratings.

The Public Employment Relations Board is a quasi-judicial administrative agency charged with administering the collective bargaining statutes covering employees of California’s public schools, colleges, and universities, employees of the State of California, employees of California local public agencies (cities, counties and special districts), trial court employees, trial court interpreters, supervisory employees of the Los Angeles County Metropolitan Transportation Authority, Judicial Council employees, Orange County Transportation Authority employees, Bay Area Rapid Transit District (BART) employees, Sacramento Regional Transit District employees, Santa Cruz Metropolitan Transit District employees, Santa Clara Valley Transportation Authority employees, and child care providers who participate in a state-funded early care and education program.

The Property is being offered at $3,500,000, or $197 per leasable square foot, with income in place, representing a 7.45% Capitalization Rate (Cap Rate) on year one net operating income of $260,653, inclusive of proforma property taxes. The tenant has rent escalations of 3% every two years.

The Property features approximately 11 secured parking spaces, including an electric vehicle charging station.

At the last lease renewal, PERB spent $200,000 on updates to their space, to accommodate their occupancy, a strong sign they intend to remain at the building for the future.

The Property features a brand new TPO membrane roof, installed in 2023.

The Property is located near dozens of Midtown’s best amenities, including restaurants, cafes, bars and entertainment venues.

The Property presents a unique opportunity to own a long-term, fully-leased investment, in the heart of midtown, with a great location that cannot be replicated.
*Tenant has termination right in their lease, however has occupied the specially built out space for decades and has not expressed interest to move.

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Contacts

broker

Ken Turton Is this you?

Turton Commercial Real Estate

broker

David Khedry Is this you?

Turton Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    57/100 Good Transit
  • Bike Score ®

    98/100 Biker's Paradise
Powered by Walk Score ®
  • City Sacramento, CA
  • Neighborhood Midtown - Winn Park - Capital
  • Zip Code 95811
  • Market Sacramento

Points of Interest

  • 16th Street

    0.58 miles

  • Alkali Flat/La Valentina

    0.69 miles

  • 13th Street

    0.70 miles

  • 23rd Street

    0.71 miles

  • St. Rose of Lima Park

    0.73 miles

  • 8th & K

    0.80 miles

  • 8th & H/County Center

    0.82 miles

  • 8th & Capitol

    0.82 miles

  • 8th & O

    0.86 miles

  • 7th & I/County Center

    0.88 miles

  • ChargePoint

    0.44 miles

  • Arco

    0.80 miles

  • Shell

    0.84 miles

  • Chevron

    0.92 miles

  • SMUD

    1.01 miles

  • 76

    1.04 miles

  • One Stop Gas

    1.10 miles

  • Propel Fuel

    1.23 miles

  • EVgo

    1.34 miles

  • Rivian

    2.32 miles

  • East End Garage

    0.19 miles

  • Memorial Garage

    0.35 miles

  • ACE Parking

    0.44 miles

  • Lot D

    0.48 miles

  • CVS Parking

    0.53 miles

  • Public Parking

    0.59 miles

  • R Street Parking Plaza

    0.61 miles

  • Capitol Garage

    0.61 miles

  • City Hall Parking Garage

    0.61 miles

  • park

    0.66 miles

  • Residence Inn by Marriott Sacramento Downtown at Capitol Park

    0.24 miles

  • Quality Inn Sacramento Convention Center

    0.31 miles

  • Econo Lodge Sacramento Convention Center

    0.31 miles

  • Inn Off Capitol Park, Ascend Hotel Collection

    0.34 miles

  • Travelodge Sacramento Convention Center

    0.36 miles

  • Amber House Inn of Midtown

    0.38 miles

  • Sterling Hotel

    0.43 miles

  • Hyatt Regency Sacramento

    0.44 miles

  • Sheraton Grand Sacramento Hotel

    0.45 miles

  • Congress Hotel

    0.52 miles

  • The Porch Restaurant and Bar

    0.02 miles

  • Sawasdee Thai Cuisine

    0.07 miles

  • The Rind

    0.09 miles

  • Buckhorn Grill

    0.09 miles

  • Capital Dime

    0.09 miles

  • The Old Spaghetti Factory

    0.09 miles

  • Noah's Bagels

    0.10 miles

  • Domino's

    0.11 miles

  • Squeeze Inn

    0.11 miles

  • Kiki's Chicken Place

    0.11 miles

  • State Capital Center

    0.11 miles

  • Washington Elementary School

    0.42 miles

  • Saint Francis of Assisi Elementary School

    0.58 miles

  • Sacramento Montessori School

    0.77 miles

  • Mustard Seed School

    1.02 miles

  • Sutter Middle School

    1.02 miles

  • William Land Elementary School

    1.03 miles

  • Merryhill School Midtown

    1.14 miles

  • Met Sacramento High School

    1.19 miles

  • Drexel University Sacramento

    1.29 miles

  • Common Grounds Preschool and Daycare

    0.42 miles

  • Oak Park Preschool

    1.85 miles

  • Playhouse Preschool

    2.77 miles

  • Glory Children's Learning Center, Inc.

    4.65 miles

  • Federal Building Day Care

    4.91 miles

  • Thomas A Edison Elementary School

    5.21 miles

  • Didion 4th R

    5.91 miles

  • Camellia Waldorf School

    7.19 miles

  • Birth & Beyond

    8.72 miles

  • ARC Childcare

    9.00 miles

Frequently Asked Questions

How much does 1801 K St cost?

The space currently listed for sale at 1801 K St asks for $3,500,000.

What is the total square footage of 1801 K St?

1801 K St totals 19,738 square feet.

When was this property built?

1801 K St was built in 1981.

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