historic old sacramento - loopnet · 1 9 3 , 2 3 8 a d t 3 aerial 4 offering summary 5 property...
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HISTORIC OLD SACRAMENTO
1017-1021 2nd St, Sacramento, CA 95814OFFERING MEMORANDUM
HIGH FOOT-TRAFFIC RETAIL INVESTMENT
2nd St
reet
INTERSTATE
5CALIFORNIA
193,238 ADT
3 AERIAL
4 OFFERINGSUMMARY
5 PROPERTY HIGHLIGHTS
6 OLD SACRAMENTOWATERFRONT MAP
7 DOWNTOWNCOMMONS
8 RENT ROLL
9 DEMOGRAPHICS
532 Gibson Drive, Suite 200Roseville, CA 95678
Christina SnyderDRE: 01884659
Tel: [email protected]
Brenda MillerDRE: 01159058
Tel: [email protected]
Table of ConTenTs1017-1021 2nd sT, saCramenTo, Ca 95814
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DOWNTOWN SACRAMENTO
Sacramento River
N
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J St
reet
Capi
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INTERSTATE
5CALIFORNIA
OLD SACRAMENTO
L St
reet
2nd StreetK
Str
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Wal
king
Pat
h
J St
reet
L St
reet
3rd Street
Front Street
193,240 ADT
16,5
00 A
DT
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aerial 1017-1021 2nd sT, saCramenTo, Ca 95814
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Located in a unique 23 acre National Historic Landmark
District and State Historic Park along the Sacramento River.
Old Sacramento is filled with shopping, dining, entertainment,
historical attractions and museums set within the time of the
California Gold Rush, and the California State Railroad Museum.
LOCATION:1017-1021 2nd St, Sacramento, CA 95814
OFFERING PRICE: $2,800,000
PRICE / SF: $246/SF
NOI: $157,746
CAP RATE: 5.6%
NET RENTABLE AREA: ±11,380 SF
LOT SIZE: ±0.1 AC
YEAR BUILT: 1900
YEAR RENOVATED: 1978
The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.
offering summary1017-1021 2nd sT, saCramenTo, Ca 95814
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old saCramenTo WaTerfronT map1017-1021 2nd sT, saCramenTo, Ca 95814
The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.
Old Sacramento generates more visitor traffic than any other tourist
area in Northern California. Roughly 3,000,000 people visit Old
Sacramento per year. Old Sacramento is also at the end of the American
River Bike Trail - a 32 mile trail for cyclists, runners, and walkers of
every demographic.
Walking distance to the new Golden One Arena, easy access to
major commute routes, Downtown Sacramento, the State Capitol,
and the American River Bike Trail. 15 Minutes from the
Sacramento International Airport.
HIGHLIGHTS
• Beautiful Historic Building in Old Sacramento Waterfront
• Walking Distance to:
- Museums, County and Federal Courthouses
- Numerous Restaurants and Shopping Including Downtown
Commons (DOCO) and Golden One Arena
• Abundant Parking Directly Across Second Street in City Garage
• Ground Floor Retail
properTy HigHligHTs1017-1021 2nd sT, saCramenTo, Ca 95814
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D O W N T O W N C O M M O N SG O L D E N 1 C E N T E R | H O S T I N G 2 0 0 + A N N UA L E V E N T S
17,500SEAT NBA
ARENA ANDEVENT VENUE
250ROOM
KIMPTONHOTELWALKING DISTANCE TO OLD SACRAMENTO
15MDOCO ANNUAL VISITORS FOR EVENTS, TOURISM,
SHOPPING & MORE
20,000NEW RESIDENTIAL UNITS UNDER
CONSTRUCTION OR IN PRE-DEVELOPMENTWITHIN 15 BLOCKS OF DOCO
100,000+EMPLOYEES WITHIN ONE MILEOF DINING SHOPPING, ANDENTERTAINMENT AT DOCO
• NY Times: Most Technologically Advanced Arena
• Total of 2.5M Visitors as of March 2018
• Nominated by Pollstar: Best New Major Concert Venue
• Named by Sports Business Journal: 2017 Sports Facility of the Year
• 65 Game Sell Out Streak
• Nominated Fast Company: Most Innovative Company in Sports
GOLDEN 1 CENTERThe 17,500 seat stadium consistently sells out its top acts like Guns N Roses, Blake Shelton and Maroon 5. There are over
200+ event days per year, including NBA games, home to the Sacramento Kings.
KIMPTON THE SAWYER250 guest room hotel with Revival, a pool bar and lounge on the 3rd floor overlooking Golden 1 Center. 300 events
annually in event space, including corporate conferences, Galas and weddings.
doWoWn Commons1017-1021 2nd sT, saCramenTo, Ca 95814
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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.
TENANT BUSINESS NAME
SUITE/UNIT #
SQUARE FOOTAGE
LEASE START DATE
LEASE END DATE
CURRENT MONTHLY
RENT
EXPENSE(S) PAID BY
TENANT?OPTION TO EXTEND?
TURTLES 1017 2nd St. ±1,320 4/1/2001 12/31/2019 $3,500.00Modified
GrossOne (1) 5-year option
SLICE OF OLD SAC, INC.
1019 2nd St. ±1,560 12/1/2007 2/28/2021 $3,500.00Modified
GrossTwo (2) 5-year options
RIVER CITY TATTOO
1021 2nd St. Unit #200
±3,380 2/1/2019 1/31/2029 $4,000.00Modified
GrossTwo (2) 5-year options
CAPITOL INK1021 2nd St.
Unit #100±3,380 12/1/2006 12/31/2024 $3,700.00
Modified Gross
Two (2) 5-year options; First 5-year option has already been exercised.
STORAGESlice of Old Sacramento
±1,000 2/28/2021 $900.00
MONTHLY TOTALS: ±10,640 $15,600.00
TOTAL CURRENT INCOME: $187,200.00
PROPERTY TAX $15,524.00
INSURANCE $2,120.00
UTILITIES/SEWAGE/WATER $4,660.00
GAS/ELECTRIC $2,415.00
GARBAGE $1,561.00
MAINTENANCE $720.00
REPAIRS $2,454.00
LANDSCAPING 0
ADVERTISING 0
PEST CONTROL 0
TOTAL EXPENSES: ($29,454.00)
NOI: $157,746.00 TURTLES INTERIOR
renT roll 1017-1021 2nd sT, saCramenTo, Ca 95814
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SUMMARY WITHIN 1, 3, 5 - MILE (2019)
POPULATION: 1 MILE - 16,0133 MILE - 137,3305 MILE - 314,416
HOUSEHOLDS: 1 MILE - 7,5143 MILE - 60,9525 MILE - 126,460
DAYTIME POPULATION (AGE 16+): 1 MILE - 86,8953 MILE - 207,7005 MILE - 371,166
AVG. HOUSEHOLD INCOME: 1 MILE - $63,9073 MILE - $86,6455 MILE - $82,661
BUSINESSES: 1 MILE - 86,8953 MILE - 207,7005 MILE - 371,166
1 MILE
3 MILE
demograpHiCs1017-1021 2nd sT, saCramenTo, Ca 95814
The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. PAGE 9
532 Gibson Drive, Suite 200Roseville, CA 95678
Christina SnyderDRE: 01884659
Tel: [email protected]
Brenda MillerDRE: 01159058
Tel: [email protected]
1017-1021 2nd sT, saCramenTo, Ca 95814
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