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SCOTT KINGSTONVICE PRESIDENTD.R.E. LIC. 01485640916.612.5314SCOT [email protected]
AARON MARCHANDVICE PRESIDENTD.R.E. LIC. 01711650916.573.3305A [email protected]
PATRICK STELMACHDIRECTORD.R.E. LIC. [email protected]
Section One: The Property
0 2
THE CANNERY6,465 3 98
S.F. OF SPACE AVAILABLE SPACES LEFT PERCENT LEASED
O N E A W E S O M E U R B A N E X P E R I E N C E
THE MODERN AND HISTORIC HEART OF SACRAMENTO’S CO-WORKING, ENGINEERING, DESIGN, AND MEDICAL
The Cannery is one of Sacramento’s most distinct and
prominent office leasing opportunities in the City of Sac-
ramento. Encompassing an entire city block in the rapid-
ly improving Alhambra Corridor the 275,363 square-foot
masonry two story building will attract local, regional,
and national tenants as a result of its ideal location to
the freeway systems and the close proximity to the ame-
nities of the very active Midtown submarket.
The Cannery offering expansive open floor plates of brick,
concrete, and glass with possible 18 foot ceilings, sky-
lights, and within close proximity to the best restaurant
and entertainment venues in the urban core. The market
is waiting to be truly exposed to Sacramento’s exciting
urban office opportunity.
SECTORS
THE PROPERTYSection One: The Property
0 5
N Approximately 275,363 SF totalN 6,465 SF available for leaseN Brick exterior N Masonry construction N Mix of flat and saw tooth roof with skylightsN 700 On-site parking stalls available N On-site fitness center with indoor pool (Cal Fit)N On-site showers and lockersN On-site bike storage available N High ceiling options with exposed HVAC N ADA restroom cores in place
HISTORIC ARCHITECTURE REIMAGINED: THE CANNERY IS THE LARGEST OFFICE
CAMPUS IN THE URBAN CORE
PROPERTY FEATURES
“Our team loves seeing Fulcrum’s continued
investment in the property. We are so
excited to see what comes next!”
Valerie Hoffman / Principal, NORR
THE PROPERTYSection One: The Property
0 6
REMARKABLE FEATURES AND BEST IN CLASS DESIGN THAT ATTRACTS SUPERIOR TALENT AND CULTIVATES A DISTINCT COMPANY CULTURE
“the cannery is the perfect canvas on which
we were able to express our architecture
and engineering capabilities.”
Dean Albright / Manager of Operations, NORR
SACRAMENTO
CALIFORNIA’S FASTEST-GROWING METROPOLITAN AREA
The word “renaissance” is often overused and
inappropriate to describe economic improvement
in the urban core of cities throughout the Unit-
ed States. However, that’s not the case for Sac-
ramento. Since the formal approval to construct
Golden 1 Center, the floodgates have figuratively
opened to the urban migration of retailers, busi-
nesses and residents. Huge chunks of the urban
core have been revamped, with more redevelop-
ment currently underway. New projects surround-
ing the property, namely the Downtown Commons
and The Railyards, are contributing to this an
215+15.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTS
exciting time for the city. In California, nowhere
is the word “renaissance” more applicable and
demonstrable than in Downtown Sacramento, and
730 I Street is situated in the middle of every-
thing.
1 4
THERE’S A REASON EVERYONE IS COMING HERE.
Sect ion Two: The C i t y
Sacramento is the Capitol of California, the sixth
largest economy in the world. While perhaps not
considered as sexy as many of the tourism-based
cities in California such as San Francisco, Los An-
geles and San Diego, being the hub of California’s
governmental structure provides an incredible
amount of economic stability throughout the re-
gion. In addition, Sacramento is being increasing-
ly recognized as an outdoor enthusiast’s dream
city with its remarkably central location to Lake
Tahoe, the Sierra’s, Yosemite and the Coast.
In a recent study completed by WalletHub for Na-
tional Nutrition Month, Sacramento was ranked
the 5th healthiest city in the United States among
100 large cities (ranking higher than the likes of
Denver, Colorado Springs, San Francisco, Port-
land, Austin, San Antonio and Seattle). Forbes
magazine ranked Sacramento as the 10th health-
iest city in the United States versus all cities. A
big part of this recognition stems from the cities’
proximity to the American River. Hiking trails and
white-water rafting abound along the American
River as well as one of Sacramento’s crown jew-
els... 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 river-
front (only 13 blocks from the Subject Property).
Located only 85 miles east of San Francisco, Sac-
ramento enjoys easy, unfettered access to all of
the entertainment amenities provided by the ro-
bust Bay Area as well as the entire Northern Cali-
fornia 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
Central Valley which produces more agriculture
than any other valley in the United States. This
unique combination of soil, water and tempera-
ture in coordination with Sacramento’s solid,
highly reliable economic base to create the per-
fect combination of variables to truly make Sacra-
mento the “farm-to-fork” capitol of the world. No
one on earth, as a whole, eats fresher food than
Sacramentans. And if you want to select the per-
fect wine to compliment your meal you are a mere
60 minutes from arguably the finest wine region
in the world. On any given day it is actually faster
(not closer) to get to downtown Napa from down-
town Sacramento than downtown San Francisco.
Ten minutes from downtown Sacramento is the
University of California at Davis, acknowledged
as one of, if not, the finest agricultural institu-
tions in America and home to the Mondavi Center,
a $10M performance art center donated by the
Mondavi Family who also maintain a close rela-
tionship with Davis’ renown Vinology department.
In addition to the State Government, Sacramento
features a number of larger locally based employ-
ers including Vision Service Plan, Blue Diamond
Almond Growers (located on 16th Street), Raley’s,
Sutter Health, Dignity Health, Kaiser Permanente,
UC Davis Medical Center, McClatchy as well as
California Public Employees Retirement System
and California State Teachers Employee Retire-
ment System - two of the largest pension funds in
the world. Regional employers with large presence
in Sacramento include AT & T, Wells Fargo, Intel,
Apple, AAA and Tesla.
Employment growth in Sacramento has large-
ly outpaced the national average since 2012.
Professional and business services, as well as
leisure and hospitality, have been among the
strongest growth sectors in this cycle, but edu-
cation and health services, 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 un-
filled due to the lack of skilled talent in the metro.
Within the professional and business services
sector, administrative and support jobs have ben-
efitted, because the metro’s low business costs
attract firms with back-office operations. Con-
tinued growth is expected in the state and local
government sectors. Sacramento has the highest
share of public sector employment in the country
(approximately 25%) ahead of even that of Wash-
ington D.C.
A CLOSER LOOK AT THE CITY
1 6
Sect ion Two: The C i t y
Sacramento is the country’s farm to fork capital, has world class coffee, and sports a huge river parkway perfect for
running, riding, and hiking. The city is a short drive from Lake Tahoe, the Napa Valley, and San Francisco.
THIS
CITY
ROCKS
1 9
Sect ion Two: The C i t y
#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 2012
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.
2 0
Sect ion Two: The C i t y
Section Three: The Location
THE CANNERY
SACYARD TAPHOUSE
TRADEWINDS CAFE
1 2
OPTIONS SURROUND THE CANNERY AND ARE ONLY A SHORT WALK AWAY
DOZENS OF FOOD, DRINK, FITNESS, ENTERTAINMENT, AND TRANSPORT
CANON
CORIANDER VIET.
AERIAL VIEWST
OC
KTO
N B
LVD
P STREET
ALHA MBR A BLVD
SAC FOOD CO-OPTEMPLE COFFEE
REVOLUTION WINESPUSHKINS BAKERY
LIGHT RAIL LINE
STARBUCKS
KRU JAPANESEOBO’
SUZIE BURGERMIDTOWN SUSHI
INK EATSPARAGARY’SSTARBUCKS
JIMBOYS TACOS
CAFE CAPRICIO33RD ST BISTRO
BIBA’SSAFEWAY
LA FIESTA TAQUERIAMAYFLOWER CHINESE
CAFE MOROCCO
LIGHT RAIL STOP
300 STEPS
550 STEPS
800 STEPSHAWKS
JAMBA JUICE
Situated in Midtown near two major freeways and a Light Rail stop, tenants of The Cannery enjoys easy acess to every corner of the city.
NEARBY AMENITIES
POPULAR RESTAURANTS NEAR THE CANNERY (NOT ALL ARE MENTIONED HERE):
58 Degrees & Holding Co.
Ace of Spades
Aioli Bodega Espanola
Amaro Italion Bistro & Bar
Art of Toys
At Ease Brewing
Azul Mexican
Badlands
Bar West
Bawk Fried Chicken
Beast + Bounty
Bento Box
BevMo
Block Butcher Bar
Bottle and Barlow
Broderick Midtown
Buckhorn Grill
Burgers and Brew
Camelia Coffee Roasters
Cantina Alley
Centro Cocina Mexicana
Chipotle
Cornerstone
Crepeville
Der Biergarten
Drunken Noodle
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
Insight Coffee
Iron Horse Tavern
Jack’s Urabn Eats
Karma Brew
Kru Japanese
Bombay Bar & Grill
Kupros Craft House
LowBrau Bier Hall
Lucca
Luna’s Cafe & Juice Bar
Magpie Cafe
Mango’s/Burgertown
Mas Taco
Mercantile Saloon
Midtown Sushi
Mikuni Sushi
Mulvaney’s B&L
N Street Cafe
Nekter
Nishiki Sushi
Old Soul Coffee
Orchid Thai
Pachhamama Coffee Coop
Paesano’s
Paragary’s
Pizzeria Urbano
Press Bistro
Pronto Pizza
Pushkin’s Bakery
Q Street Bar & Grill
R15
Red Rabbit
Rick’s Dessert Diner
Roxie Deli and Barbeque
Sakamoto
See’s Candies
Shady Lady
Shoki Ramen House
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
SOUTHSIDE PARK
SUTTER’S FORT
Section Three: The Location
1 4
WINN PARK
THE CANNERY
FREMONT PARK
CAPITOL PARK
MCKINLEY PARK
STOCKTO
N
P
ALH
AM
BRA
CAPITOL
FOLSOM
34TH
UC DAVIS MED CENTER
EAST SAC
TAHOE PARK
OAK PARKCURTIS PARK
MIDTOWN
THE EXPERIENCESection Four: The Experience
1 6
WORKING HERESEVERAL PLENTY COUNTLESS
OF GREAT LUNCH SPOTS IN THE AREACOOL MURALS NEARBY NEW FRIENDS TO BE MADE
A P L A C E Y O U R E M P L O Y E E S W I L L B R A G A B O U T W O R K I N G A T
The Cannery “Experience” is an integration of the cultur-
al and and aesthetic strengths that made Midtown and
East Sac desirable. In Midtown you
have walkable, tree lined streets filled with unique,
eclectic, locally owned retail shops infused with
an endless array of deli’s, cafés, watering holes,
and restaurants. This raw, authentic district embodies
Sacramento’s blue collar history now redefined as North-
ern California’s mostdesirable artist community along
with some of its best eateries and nightclubs. East Sac-
ramento provides an array of eateries with charming,
green suburbs iconic for their old craftsman-style cozi-
ness. The Cannery is perfectly situated between these
two environments.
COMING TO THE CANNERY MEANS JOINING A COMMUNITY OF FORWARD-
THINKING PROFESSIONALS
“As a designer I’m really affected by the environment I
work in. The space itself is so beautiful–filled with art,
natural light and historical architectural
details that I love.”
Rebecca Plumb / Owner, Studio Plumb
LIVE
WORK
PLAYWalk out the front door of your space to enjoy an espresso at temple, a spin class at Cal Fit, or endless food options
including the Sacramento Co-Op, Obo, Kru, and the Sacyard Taphouse.
1 8
Section Four: The Experience
Section Four: The Experience
2 0
A BOCCE BALL COURT AND FOOD TRUCK DINING AREA ARE AVAILABLE TO ALL TENANTS
Cannery
Suite Tenant SF1601-100 Urban Hive 13,2001601-110 VACANT *First Right Urban Hive* 7,9301601-200 Sequoia Surgical, Inc. 12,0321601-210 VACANT 7,4841631-100 NORR, LLC 6,6261631-110 VACANT *First Right NORR* 2,4181631-120 VACANT 6,1991631-130 Avaunt Ltd. 2,4241631-140 VACANT 1,6781631-200 UCD Health System-Cancer Reg 12,9141631-210 VACANT 3,0191631-220 Formational Environmental, LLC 5,1841651-100 MEPS - GSA 26,6151651-110 UCD Health System (phase 2) 48,6081651-120 VACANT 8,6601651-200 UCD Health System (phase 1) 34,5831667 VACANT 1,1821671 California Family Fitness 30,4181675-B US Health Works 6,3071675-E VACANT 2,5351675-F VACANT 2,9221675-G VACANT 763
2nd Floor
1st Floor
1631-J
1631-100
1601-1101601-100
1601-200
1601-210
1631-200
1631-120
1631-100
1631-140 1631-130
1631-1301601
1631
1651-100
1651-110/200
1651-120
16711675
B
1675G
1675F
1675- E
1667
Parking
2018
Section Five: The Layout
FLOOR PLANS
O P E N S P A C E S P R O V I D E T E N A N T S W I T H A B L A N K C A N V A S
2 1
CANNERY SITE PLAN:
3 1,885-2,647 UNLIMITEDS.F. AVAILABLEAVAILABLE SPACES POSSIBILITES SUITE 120
30 SFMVP
90 SFBBC
1,729 SFAMENITY AREA
219 SFMVP
LEGEND
AMENITY AREA
BBC
MVP
TENANT AREA
15 SFMVP
2,270 SF
574 SFBBC
415 SFBBC
414 SFBBC
88 SFMVP
424 SFBBC
SUITE 120
30 SFMVP
90 SFBBC
1,729 SFAMENITY AREA
219 SFMVP
LEGEND
AMENITY AREA
BBC
MVP
TENANT AREA
15 SFMVP
2,270 SF
431 SFBBC
415 SFBBC
414 SFBBC
88 SFMVP
BOMA Measurement Plan March 28, 2017
BASE BUILDING CIRCULATION
MAJOR VERTICAL PENETRATION
SUITE 110
SUITE 100
SUITE 130SUITE 140
1631 Alhambra - Suite 110 Suite 110 Amenity Space Major Vertical Penetration
2,647 SF
SUITE 120
30 SFMVP
90 SFBBC
1,729 SFAMENITY AREA
219 SFMVP
LEGEND
AMENITY AREA
BBC
MVP
TENANT AREA
15 SFMVP
1,658 SF
574 SFBBC
415 SFBBC
414 SFBBC
88 SFMVP
424 SFBBC
SUITE 120
30 SFMVP
90 SFBBC
1,729 SFAMENITY AREA
219 SFMVP
LEGEND
AMENITY AREA
BBC
MVP
TENANT AREA
15 SFMVP
1,658 SF
SUITE 100SUITE 110
431 SFBBC
415 SFBBC
414 SFBBC
88 SFMVP
BOMA Measurement PlanMarch 28, 2017
BASE BUILDING CIRCULATION
MAJOR VERTICAL PENETRATION
SUITE 140 SUITE 130
1631 Alhambra - Suite 140 Suite 140 Amenity Space Major Vertical Penetration
1,933 SF
Section Five: The Layout
1651 Alhambra - Suite 130 Suite 130 Amenity Space Major Vertical Penetration
1,885 SF
PARKING & TRANSPORTGETTING HERE4 2 703
LIGHT RAIL STOPSMAJOR FREEWAYS PARKING STALLS
F R E T O V E R P A R K I N G I N T H E U R B A N C O R E N O M O R E
With four major freeway routes immediately accessible
and hundreds of on-site parking spots, The Cannery
sidesteps a common woe of businesses located in the
Urban Core. The two light rail stops nearby enable em-
ployees to commute from afar without the hassle of a car.
And, with the Midtown, East sacramento, Curtis Park,
Oak Park, and Tahoe park neighborhoods flanking all
sides, it’s reasonable to assume that many workers will
live close by and walk or bike to the office (making good
use of those new bike racks!)
Section Six: Parking & Transport
2 8
“Being here gives me the chance to work in a
high-end, professional workspace at an
approachable price point.”
Quynh Yamamoto / Associate at Urban Hive
BIKE
DRIVE
RIDE
Section Six: Parking & Transport
WALK
STOCKTON BLVD
ALH
AM
BR
A B
LVD
L IGHT R AIL LINE
P STREET
LIGHT RAIL STOP
PARKING
PARKING
BIKE PARKING
3 0
On top of being highly accessible, The Cannery provides three 150kw electric vehicle chargers onsite!
CHARGING STATIONS
Section Seven: Leasing Timeline
3 2
LEASING TIMELINE
PICTURED: THE URBAN HIVE’S SPACE BEFORE AND AFTER
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:
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2018 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 Fulcrum Property (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 own-er, TCRE or any other respective affiliates, as to the accuracy or completeness of the infor-mation 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 inspections, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
3 6
SCOTT KINGSTONVICE PRESIDENTD.R.E. LIC. 01485640916.612.5314SCOT [email protected]
AARON MARCHANDVICE PRESIDENTD.R.E. LIC. 01711650916.573.3305A [email protected]
PATRICK STELMACHDIRECTORD.R.E. LIC. [email protected]