The Regis Bldg 1100-1106 11th St

As exclusive advisor CBRE, Inc. Is pleased to offer for sale a four-story mixed-use building ideally located at the southeast corner of 11th and K Streets, one block from the State Capitol and at the absolute epicenter of the lobbying and political consulting worlds in Sacramento, California’s capital.
For those who make their livings in the committee hearing rooms and legislative offices at the State Capitol proximity is key as there is no public parking available. If one wants to weigh in during a hearing or visit an assembly member or state senator one must do so on foot. Thus, officing in a location that is within a block or two of the Capitol building is a distinct benefit when the Legislature is in session.
Personal interactions are a big part of the Capitol business model and the Subject is perfectly located to take advantage of that fact. 11th and K Streets is the Main-and-Main crossroads for those heading in the direction of the Capitol. If one is at that corner for any period of time one can credibly expect to see colleagues, counterparts, legislators and their aides and advisors on foot, coming or going to the single place in the California where they all report to work. No other location in Sacramento’s Central Business District is as well-positioned when it comes to the businesses of political consulting, advocacy, campaign work, public relations and the like.
The Subject’s office space, but for a suite of fully built-out improvements on the lower level, is full. Ground floor retail suites, previously fully occupied on a long-term basis by a restaurant popular with the Capitol crowd, are now available, a victim of the pandemic and the Work From Home phenomenon that has affected many office tenants in the Central Business District.

We think it’s fair to say that as conventional office tenants adjust to more of a hybrid work model retail users will find a more hospitable economic environment near the Capitol and beyond. The cost basis at which the Subject may be acquired arguably augurs well for the Buyer’s ability to compete with alternative available inventory. Thus, the Subject offers the very real potential to augment income in place as well as increase the Property’s capitalized value when the soon-to-be vacated office and the presently available retail suites are once again fully occupied and open for business.