818 K St
Sacramento, CA 95814

Turton Commercial Real Estate is pleased to present the opportunity to acquire the 100% fee simple interest in the building located at 818 K Street (the “Subject Property”). The Subject Property represents one of the most high-profile redevelopment, investment, or owner-user opportunities in the Downtown grid, touted as of the most robust urban redevelopment markets in the country. The Property is also located in a highly desirable Opportunity Zone. As such, the redevelopment opportunity represents one of the rarest and most sought-after investment opportunities in California and the United States. Property is also available for lease. The 59,921 SF building is comprised of five floors of approximately 9,200 SF each. Beneath this is a larger, finished subterranean floor with generous 12-foot ceilings. The building features two operable elevators; one of which being the primary elevator with original KRESS shopping center finishes, floor and one services elevator located in the rear portion of the building. The Subject Property is ideally positioned in the heart of the K Street Entertainment Zone just one block from the pedestrian entrance to the Golden 1 Center, three blocks from the front lawn of the State Capitol, and five blocks to the Convention Center. Additionally, the Subject Property is surrounded by five major hotels, over 40 restaurants, a myriad of watering holes and coffee bistros. The Subject Property is zoned C-3-SP, which can accommodate a variety of dense commercial uses including, but not limited to, residential mixed-use, retail, and office. The property is also unique in that it has a full condominium map divided by floor. The estimated value of condominium floors in warmshell condition at this location is approximately $300 per square foot. This provides investors with a strong alternative disposition / investment strategy in future years.