INVESTMENT SUMMARY - LoopNet

I N V E S T M E N T S U M M A R Y

3 0 0 C A P I T O L M A L L • S A C R A M E N T O , C A

CA

PIT0L M

ALL

AVG. 20-YEAR HISTORICAL OCCUPANCY

93.7%RENTABLE SF

385,844CURRENT OCCUPANCY

91.8%WALT

6.9 years

T H E O F F E R I N G

Constructed in 1985 and continuously maintained to institutional-quality standards including LEED Platinum certification, The Emerald Tower measures 385,844 square feet and stands 18 stories high. Currently 91.8% leased to a credit-worthy tenant roster including the State Controller's Office, Department of Insurance and Public Utilities Commission (AA- credit ratings), The Emerald Tower is an ideal combination of outstanding asset quality, tenured and durable tenancy and an A+ downtown Sacramento location.

In addition to its high-profile presence along Capitol Mall, the Property is just one block from Golden 1 Center and the Downtown Commons (“DOCO”), which have been key factors driving the economic expansion and robust development activity that is transforming Sacramento’s urban core.

JLL, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Emerald Tower (the “Property” or “300 Capitol Mall”) located in Sacramento, California. As one of the most recognized trophy buildings in the downtown Sacramento skyline, The Emerald Tower represents an irreplaceable Class “A” office investment with an exceptional track record of performance.

PROPERTY SUMMARYBuilding The Emerald Tower

Address 300 Capitol Mall, Sacramento, California

Rentable Area 385,844 SF

Stories 18

Occupancy 91.8%

Average 10-Year Occupancy 98.6%

Year Built 1985

Parking Stalls 777 (2.0 / 1,000 SF)

Site Size 2.39 acres

INVESTMENT SUMMARY | 3

TROPHY-QUALITY “SKYLINE” OFFICE ASSET

TENURED & CREDIT-QUALITY TENANCY

AA- CREDIT RATING

4 | THE EMERALD TOWER

UNIQUE LANDSCAPED TERRACE WITH EXPANSIVE CITY & RIVER VIEWS

HISTORICAL STABILITY + IMMEDIATE LEASING UPSIDE

IN RISING MARKET

EXCELLENT DOWNTOWN SACRAMENTO LOCATION


I N V E S T M E N T H I G H L I G H T STROPHY-QUALITY “SKYLINE” OFFICE ASSETThe Emerald Tower is widely regarded as one of the premier high-rise office buildings in the downtown Sacramento market. As a prominent fixture of the Sacramento skyline, the Property features several elements that will protect its position in the market for years to come including trophy construction and design, flexible floor plates with sweeping views on the upper floors, LEED Platinum certification, abundant garage parking, and unique common areas including a landscaped terrace located off of the sixth floor.

TENURED & CREDIT-QUALITY TENANCYThe Property has been the long-term home for several high-profile State of California agencies including the State Controller's Office (32 years), Department of Insurance (18 years) and Public Utilities Commission (1 Year). As evidenced by the recently completed eight-year lease renewals at The Emerald Tower, these State of California agencies will continue to occupy the Property due to its high asset quality, excellent location and easy transit access.

STATE CONTROLLER'S OFFICE185,996 SF

Exp: 1/31/202748.2% of NRA

(32 Years in 300 CM)

DEPARTMENT OF INSURANCE112,167 SF

Exp: 9/30/202529.1% of NRA

(18 Years in 300 CM)

PUBLIC UTILITIES COMMISSION29,229 SF

Exp: 4/30/20267.6% of NRA

(1 Year in 300 CM, Relocation from Bay Area)


OF NRA IS AA- CREDIT

88%

HIGH-PROFILE AGENCIES

3WEIGHTED AVERAGE

LEASE TERM

6.9 YEARS

AVERAGE TENANT TENURE

21.7 YEARS

STAT E O F C A L I FO R N I A AT 3 0 0 C A P I TO L M A L L


EXCELLENT DOWNTOWN SACRAMENTO LOCATIONThe Emerald Tower lies in the center of Sacramento’s burgeoning downtown and directly benefits from a prestigious location on Capitol Mall along with its immediate access to DOCO and the Golden 1 Center, which together have transformed the surrounding area since opening in 2016. The combination of exciting new entertainment and dining/nightlife options combined with robust residential development will continue to solidify The Emerald Tower as a “bullseye” location for years to come.

HISTORICAL STABILITY + IMMEDIATE LEASING UPSIDE IN RISING MARKETThe Property has an exceptional historical track record of tenant retention with occupancy over the last decade averaging 98.6%. With the asset’s current occupancy at 91.8%, an investor has immediate upside potential from positioning market-ready suites for lease-up in a downtown market that continues to tighten, with declining vacancy driving rents closer to new highs.

UNIQUE BUILDING FEATURES WITH EXPANSIVE RIVER & CITY VIEWSThe Emerald Tower features several unique and desirable features including expansive City and Sacramento River views, abundant on-site parking and private 6th floor landscaped terrace available to building tenants and for private events which will continue to support the Property’s premier position in the Sacramento market for years to come.


CAPIT0L MALL


Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle. All rights reserved.

Jones Lang LaSalle Americas, Inc., California license #01223413.

One Front Street, Suite 2100 San Francisco, CA 94111www.jll.com

EXC LUS I V E ADV I SORSN O R T H E R N C A L I F O R N I A C A P I T A L M A R K E T S

Michel SeiferT +1 415 395 [email protected] CA DRE# 01251646

Rob HielscherT +1 415 395 [email protected] CA DRE# 01869266

Erik HansonT +1 415 395 [email protected] CA DRE# 01860062

Kristina WollanT +1 415 395 [email protected] DRE# 02025634

Cheri PierceT +1 415 395 [email protected] DRE# 01248575

Michael ManasT +1 415 395 [email protected] DRE# 02010118

D E B T F I N A N C I N G

John ManningT +1 415 395 [email protected] DRE# 01252020

Alex WittT +1 415 395 [email protected] CA DRE# 01932906

L O C A L M A R K E T S P E C I A L I S T S

Greg LeviT + 916 491 [email protected] DRE# 00973235

Michael StassiT +1 916 440 [email protected] DRE# 01198564

G O V E R N M E N T C A P I T A L M A R K E T S

Brian SaalT +1 202 719 [email protected]

Marc RampullaT +1 202 719 [email protected]

INVESTMENT SUMMARY - LoopNet

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