2901...Buckhorn Grill Burgers and Brew Cafe Bernardo Café Bernardo’s Cantina Alley Centro Cocina...

2901Highly visible urban office space for lease in midtown Sacramento

K STREET

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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

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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

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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

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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

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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


29th

MIDTOWN

EAST SACRAMENTO

J

Sutter’s Fort

2901 K Street

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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

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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

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2901 K

GOLDEN 1 CENTER

NEARBY AMENITIES


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.

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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.

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Section Three: Sacramento 2901

FLOOR PLANS

Sect ion Four : F l oo r P lans 2901

UNLIMITED20 911-37,603SF AVAILABLEAVAILABLE SPACES POSSIBILITIES

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FLOOR 1Suite 130: 3,478 RSF

1303,478 RSF


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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


Max contiguous: 8,707 RSF



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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


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


2901Sect ion Four : F l oo r P lans

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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:

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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]

2901...Buckhorn Grill Burgers and Brew Cafe Bernardo Café Bernardo’s Cantina Alley Centro Cocina...

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