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2901Highly visible urban office space for lease in midtown Sacramento
K STREET
0 1
2901
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2019 The information contained in the Offering memorandum is confidential and provided solely for the purpose of review by prospective purchasers of 16 Powerhouse, 1606 P Street, Sacramento, CA (the “Property”) and is not to be used for any other purpose or made avail-able to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or 16 Powerhouse Investors, LLC (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 respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral 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 infor-mation 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.This Offering Memorandum is subject to prior placement, errors, omissions, changes or with-drawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by TCRE or the Owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgement as to the advisability of purchasing the Property described herein. TCRE is not authorized to make any representations or agreements on the part of the Owner.
SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]
AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]
PATRICK STELMACHDIRECTOR - LIC. [email protected]
165,00028,766 307PARKING SPACESRSF AVAILABLE AVG. DAILY TRAFFIC COUNT
THE OPPORTUNITY
2 9 0 1 K S T R E E T / S U T T E R S Q U A R E G A L L E R I A
Sutter Square Galleria is a 4 story mid-rise office
and retail building with expansive windows and
balconies with views into midtown and downtown
and an abundance of parking.
2901 K Street is one of urban Sacramento’s most
visible and prominent office buildings. Comprised
Section One: The Property
0 2
of an entire city block in the bustling midtown and
medical corridor, this ~91,000 square foot build-
ing is ideally located with close proximity to Sac-
ramento’s freeways and all the amenities Midtown
and East Sacramento have to offer, attracting not
only local and regional tenants but national ten-
ants as well.
Take advantage of this rare opportunity to lease
space at 2901 K Street. Building signage oppor-
tunities visible to the freeway. Retail amenities
on site and a short walk to dozens more and an
abundance of parking on-site.
2901
ADDRESS: 2901 K Street,
Sacramento, Ca 95816
PARKING: 307 spaces (~98,000 SF structure)
SPACE AVAILABLE: 384-28,766 RSF
SUBMARKET: Midtown / East Sac / Sutter District
AMENITIES ON-SITE: Orange Theory Fitness, Round Table
Pizza, and Metro PCS
OTHER NOTES: Iconic urban Sacramento building.
Expansive windows with abundant
natural light. Proximity to Sutter
General Medical Campus, Mercy
General and UC Davis Medical Centre.
PROPERTY DETAILS
0 5
Section One: The Property 2901
BIKE
DRIVE
RIDE
WALK
On top of being highly accessible, 2901 K Street provides 307 parking stalls on-site - a rare amenity in the urban core!
Section One: The Property 2901
0 6
29th
2901 K Street
30th
Two-story parking structure beneath
freeway with 307 stalls
J Street off-ramp
J Street on-ramp
N Street on-ramp
N Street off-ramp
Section Two: Property Location
0 8
BUILDING LOCATION
IN THE MIDDLE OF THE CITY’S URBAN MEDICAL CORRIDOR
The property is located in Sacramento’s largest concentration of medical buildings called the Sutter District. This submarket is home not only to medical profession-
als, but many of Midtown’s most popular bars, restaurants, and coffee shops. Low office vacancy rates combined with the most amenities, make Midtown the most
desirable submarket in the entire Sacramento region.
20+ 8,000,000+0BLOCKS TO FREEWAY SF OF MEDICAL SPACE NEARBYNEARBY RESTAURANTS
2901
Section Two: Property Location
29th
MIDTOWN
EAST SACRAMENTO
J
Sutter’s Fort
2901 K Street
1 0
Medical Buildings=
K
ALHAMBRA
Blue CueCentro Cocina
BarwestRed RabbitHarlowe’s
Birkenstock’sCapital City Beads
Arco
Round Table PizzaSAFE Credit UnionLuis Jr’s Mexican
Chevron
La Fiesta Taqueria
Safeway
McDonald’sBank of America
Citibank
Blimpie Subs
T BarBiba’s
Star GingerPeet’s Coffee
KFC
NKru Japanese Cuisine
Obo
Hotel Dev.
StarbucksInk Eats
2901
2 0
With immediately-adjacent freeway on-ramps, tenants at 2901 K Street enjoy easy access to every corner of the city.
POPULAR RESTAURANTS NEAR 2901 K STREET (NOT ALL ARE MENTIONED HERE):
58 Degrees & Holding Co.
Ace of Spades
Aioli Bodega Espanola
Amaro Italian Bistro & Bar
Art of Toys
Azul Mexican
Badlands
Bar West
Bento Box
BevMo
Block Butcher Bar
Bottle & Barlow
Broderick Midtown
Buckhorn Grill
Burgers and Brew
Cafe Bernardo
Café Bernardo’s
Cantina Alley
Centro Cocina Mexicana
Chipotle
Cornerstone
Crepeville
Der Biergarten
Dos Coyotes
Eatuscany Cafe
Elixir Bar & Grill
Faces
Federalist Public House
Fieldwork Brewing Co.
FishFace Poke Bar
Fit Eats
Fox & Goose Public House
Ginger Elizabeth Chocolates
Grange
Highwater
Hot Italian
I Love Teriyaki
Identity Coffee
Iron Horse Tavern
Jack’s Urban Eats
Karma Brew
Kru Japanese
Bombay Bar & Grill
Kupros Craft House
Lowbrau
Lucca
Luna’s Cafe & Juice Bar
Mango’s/Burgertown
Make Fish
Mercantile Saloon
Metro Kitchen & Drinkery
Mikuni Sushi
Monkey Bar
Mulvaney’s B&L
N Street Cafe
Nekter
Nido
Old Soul Coffee
Pachamama Coffee Coop
Paesano’s
Paragary’s
Pizzeria Urbano
Portofino’s
Press Bistro
Pronto Pizza
Pushkin’s Bakery
Q Street Bar & Grill
R15
Red Rabbit
Rick’s Dessert Diner
Roxie Deli and Barbecue
Sakamoto
See’s Candies
Shady Lady
Shoki Ramen House
Skool
Squeeze Inn
Sun & Soil Juice
Tank House BBQ
Tapa the World
Tea Cup Cafe
Temple Coffee
Thai Basil
Thai Canteen
The Bread Store
The Golden Bear
The Mill Coffee House
The Porch
The Press
The Rind
The Waterboy
Tres Hermanas
Uncle Vito’s Pizza
University of Beer
Waffle Square Country Kitchen
Yogurt a GoGo
Zelda’s Pizza
Zocalo
STATE CAPITOL
SUTTER’S FORT
WINN PARK
TRUITT BARK PARK
16TH
P
20TH
L
1 2
2901 K
GOLDEN 1 CENTER
NEARBY AMENITIES
Section Two: Property Location
ALHAMBRA
CONVENTION CENTER
2901
SACRAMENTO
CALIFORNIA’S FASTEST-GROWING METROPOLITAN AREA
Sacramento’s urban core is growing, develop-
ing and thriving. Since the formal approval to
construct Golden 1 Center, the floodgates have
figuratively opened to the urban migration of re-
tailers, businesses and residents. Huge chunks of
the urban core have been revamped, with more
redevelopment currently underway. New projects
surrounding the property, namely the Downtown
215+15.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTS
Commons and The Railyards, are contributing to
this an exciting time for the city. In California, no-
where is the word “renaissance” more applicable
and demonstrable than in Downtown Sacramento.
1 4
THERE’S A REASON EVERYONE IS COMING HERE.
Section Three: Sacramento 2901
#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 Lease Stressed-out cities
#14 America’s coolest cities
#16 Best cities for millennials
SACRAMENTO’S CITY RANKINGS
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 2018
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
SACRAMENTO OFFICE VACANCY:
2016 2017 2018 20199%
10%
11%
12%
13%
14%
WALKSCORE:
93BIKE
SCORE:
98TRANSITSCORE:
53
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.
1 6
Section Three: Sacramento 2901
FLOOR PLANS
Sect ion Four : F l oo r P lans 2901
UNLIMITED20 911-37,603SF AVAILABLEAVAILABLE SPACES POSSIBILITIES
1 8
FLOOR 1Suite 130: 3,478 RSF
1303,478 RSF
Sect ion Four : F l oo r P lans 2901
2 0
FLOOR 2Suite 200: 3,134 RSFSuite 201: 915 RSFSuite 202: 905 RSFSuite 203: 948 RSFSuite 204: 956 RSFSuite 205: 917 RSF
Suite 206: 932 RSFSuite 207: 909 RSFSuite 208: 902 RSFSuite 209: 992 RSFSuite 210: 1,200 RSFTotal: 11,510 RSF
206 205
204
203 202 201
200
Units can be combined
932 RSF 917 RSF 948 RSF 905 RSF 915 RSF
3,134 RSF
956 RSF
209992 RSF
208902 RSF
207909 RSF
Units can be combined
Max contiguous: 8,707 RSF
Max contiguous: 2,803 RSF
Sect ion Four : F l oo r P lans 2901
2 2
FLOOR 3Suite 300: 782 RSFSuite 301: 726 RSFSuite 302/303: 1,401 RSFSuite 304/305: 1,374 RSF
Suite 306: 716 RSFSuite 307: 384 RSFSuite 309: 3,551 RSF Total: 8,934 RSF
307 306 304/305 302-303 301
300
309
Units can be combined
384 RSF 716 RSF 1,374 RSF 1,401 RSF 726 RSF
782 RSF
3,551 RSF
Max contiguous: 6,460 RSFUnits can be combined
Max contiguous: 2,474 RSF
2901Sect ion Four : F l oo r P lans
2 4
FLOOR 4Suite 400: 4,844 RSF
4004,844 RSF
Section Five: Leasing Timeline
LEASING TIMELINE
2901 K ENJOYS THE CLOSE PROXIMITY TO DOWNTOWN AND ITS MANY AMENTIES
FURNITURE, FIXTURES, TECHNOLOGY AND MOVE-IN - 2 WEEKSNEGOTIATE TERMS OF LEASE - 4 WEEKS
DEVELOP SPACE NEEDS - 2 WEEKS CREATE AND REFINE SPACE PLAN - 2 WEEKS APPROVE CONSTRUCTION DRAWINGS - 2 WEEKS
EXECUTE LEASE DOCUMENT - 4 WEEKS
CONSTRUCTION - 12 WEEKS
A V I S U A L I Z A T I O N O F T H E L E A S I N G P R O C E S S A H E A D
LEASING TIMELINE:
2 6
WITHOUT THE PARKING HASSLE
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2019 The information contained in the Offering memorandum is confidential and provided solely for the purpose of review by prospective purchasers of 16 Powerhouse, 1606 P Street, Sacramento, CA (the “Property”) and is not to be used for any other purpose or made avail-able to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or 16 Powerhouse Investors, LLC (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 respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral 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 infor-mation 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.This Offering Memorandum is subject to prior placement, errors, omissions, changes or with-drawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by TCRE or the Owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgement as to the advisability of purchasing the Property described herein. TCRE is not authorized to make any representations or agreements on the part of the Owner.
SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]
2 8
2901
AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]
PATRICK STELMACHDIRECTOR - LIC. [email protected]