2030 - loopnet...portunity for future ownership, especially with ... private access setbacks to the...
TRANSCRIPT
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2030 28TH STREET
LIVE / WORK OPPORTUNITY FOR SALE IN SACRAMENTO’S URBAN CORE
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2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2019 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 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 respec-tive affiliates, as to the accuracy or completeness of the information 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 inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
ZACHARY HOOKERDIRECTOR - LIC. [email protected]
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AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]
DAVID MESSERDIRECTOR - LIC. [email protected]
203028TH STREET
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2030 28TH ST IS A WELL-DESIGNED PROJECT LOCATED NEAR THE HEART OF SACRAMENTO’S URBAN CORE.
Section One: The Opportunity
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THE OPPORTUNITY
Situated in Sacramento’s highly sought-after
Newton Booth neighborhood, The Nest at 2030
28th Street offers tenants access to all The
Grid has to offer. Showcasing high-end finishes,
these newly renovated units emphasize an open
feel in the living environment with exposed beam
ceilings, LVT plank flooring, all glass showers,
and vessel sinks in each bathroom. There is an
abundance of free street parking directly in front
of, and surrounding, the Subject Property.
These features, along with immediate access to
all major highways and public transportation,
translate to a highly desirable investment op-
portunity for future ownership, especially with
population growth outpacing the national norm.
Newton Booth hosts one of the highest con-
centrations of homeowners in the Grid. This
area’s slight elevation variations adds a layer
of intrigue to the street scene. Large, old trees
keep the roads cool for the constant stream of
cyclists coming down T Street. Architecturally,
this corner of town is associated with craftsman
cabanas, clean bungalows, four-square quad-
plexes, Victorians, and even some Tudor-style
homes.
Enjoy an easy stroll to three of the Urban Core’s
staples: Sacramento’s Natural Foods Co-Op—of-
fering the best organic and locally sourced foods
in the area; Temple Coffee—a refined, local
coffee roaster presenting patrons with an ex-
ceptional coffee house experience, and Pushkin’s
Bakery—one of Sacramento’s premier bakeries,
offering the Region’s most popular selection of
gluten-free and dairy-free baked goods. Hop on a
Jump Bike, a Lime Scooter, or take a walk through
the neighborhood; or, over to the historic McKinley
park in East Sacramento, with its scenic rose gar-
den and sprawling lawns. Nearby is the bustling
R-Street or, Broadway Corridors— each located
within one mile—filled with trendy eateries, ca-
fes, and local watering holes.
The significantly increased demand for residential
units is not just a function of attractive amenities;
it is also a function of the evolution taking place
at a national level, to manage resources more
efficiently. Dominated by single and two-person
family structures, urban renters recognize they
have virtually no maintenance requirements
(yard, pool, larger scale housing, etc...) and much
more efficient transportation options. Today, ur-
ban residents seldom need a car. This is particu-
larly true for residents of 2030 28th Street, being
they’re located just a few blocks from Sacramen-
to’s light rail, Gig Car, and countless Jump Bikes
and Lime Scooters ready to escort you wherever
you need to be.
Sacramento is bursting with employment oppor-
tunities, especially in the health care field. Ac-
cording to the California Economic Development
Department the Education, Health Care, and
Social Assistance sector is estimated to grow a
staggering 26.4%—the highest of all indus-
try sectors. Not to mention 8 of the 10 fastest
growing occupations in the Greater Sacramento
area are health care related. 2030 28th Street is
conveniently located less than 2 miles from Sut-
ter Medical Center, Mercy General Hospital, the
UC Davis Medical Center, and Shriner Children’s
Hospital.
4± 3,075 $1,525,000PRICERSF UNITS
762-776 C-2SF AVERAGE UNIT SIZE ZONING
203028TH STREET
Turton Commercial Real Estate is pleased to present the opportunity to purchase The Nest at 2030 28th Street, Sacramento’s newest and coolest Urban Core Live/Work opportunity.
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Address: 2030 28th Street, Sacramento, CA
95818
Price: $1,525,000
Year Built: 1956 (2019 Remodel)
Number of Units: 4 Live/Work Units
Total Rentable Square Feet: ± 3,075 SF
Total Gross Area: ± 3,200 SF
Average Unit Size: 762 to 776 SF
Occupancy: *100% (estimated to be fully
leased at close of escrow)
Pro-Forma Net Operating Income: *$67,275 (estimated)
PROPERTY DETAILS
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Section One: The Opportunity 203028TH STREET
All units feature (including the 50% commercial space on the west side of
the property):
Open, exposed ceilings
Butcher-block countertops
LVT flooring
Dual-pane windows
All black kitchen cabinets
Dishwashers
All glass showers with fully tiled walls
Vessel sinks
Energy efficient heating and air systems
Private access setbacks to the south facing front doors
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Section Two: Building Location
3BLOCKS FROM SAC FOOD CO-OP AND PUSHKIN’S BAKERY
1BLOCK FROM HWY
50, 99, AND 80
11BLOCKS FROM TRUITT
BARK PARK (DOG PARK)
12BLOCKS FROM THE MARRS (J
& K ST CORRIDOR)
11BLOCKS FROM
R STREET CORRIDOR
15BLOCKS FROM MCKINLEY
PARK & ROSE GARDEN
4BLOCKS FROM
WINN PARK
1.1MILES FROM
MCGEORGE SCHOOL OF LAW
15BLOCKS FROM THE
LAVENDAR DISTRICT
8
3
BLOCKS FROM SUTTERMEDICAL CENTER
BLOCKS FROMTEMPLE COFFEE
4BLOCKS FROM HACKER LAB
WORK/MAKER SPACE
1.4MILES FROM UC DAVIS
MED CENTER & SHRINERS
7BLOCKS FROM PARAGARY’S
BISTRO & INK PUB
1.8MILES FROM MERCYGENERAL HOSPITAL
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BUILDING LOCATIONThe Nest is located within easy walking and biking distance of virtually every significant landmark in Sacramento’s urban core. In addition, 2030 28th Street finds itself at the centroid between Midtown’s thriving retail and entertainment scene, East Sacramento’s classic parks and eateries, and the expanding Broadway Corridor:
EASY ACCESS TO THE AMERICAN RIVER BIKE PATH: 32 MILES OF PAVED TRAIL FOLLOWING THE LENGTH OF THE AMERICAN RIVER.
Nearby Mural by Nate Frizzel
203028TH STREET
Nearby Mural by Shaun Burner & Miguel Bounce Perez
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MARRS
Winn Park
Mercy Urgent Care
Casablanca Cafe
29th Street Station
State Capitol
Golden 1 Center
Temple CoffeeSac Food Co-OpRevolution WinePushkins Bakery
I Love TeriyakiZelda’s Pizza
Jalapeno’sN Street Cafe
Suzie Burger
Downtown’s Kitchen BBQ and Round Corner
2030 28th Street
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Section Two: Building Location
Tea Cup CafePress Club
SubwayCafe Aulait
TownHouse LoungeOld Tavern BarThe Zebra Club
Pour House
Tres HermanasKru
The Golden BearChicago Fire
KuprosBeach Hut Deli
Thai BasilDrunken Noodle
BadlandsLowBrau
Peet’s CoffeeTamaya Sushi BarGinger Elizabeths
Buckhorn GrillAioli
CrepevilleSubway
Hook & LadderErnesto’s MexicanFlame Club
Pizza HutKamon Japanese
QuicklyLa Garnacha
SafewayPanda ExpressPeet’s Coffee
StarbucksPhil’z Coffee
Mendocino FarmsRyuJin Ramen
Beast & BountyMilk Money Donuts
Tako Korean BBQ
The Linq
Socotra Capital
YMCA
McClatchy Library
CA Deptartment ofTransportation
Merryhill Elementary& Middle School
Tuli BistroLocalis
Abatin WellnessCenter
California FamilyFitness
AccomodationsMotel
Growers ChoiceFloral
203028TH STREET
U
27th
28th
Paragary’sInk Eats
Jimboy’s TacosCafe Bernardo
Monkey Bar
Fish Face PokeCamellia CoffeeBottle & Barlow
StarbucksFox & Goose
Market 5-One-5Shoki Ramen
Dad’s Sandwiches
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The Property also benefits from proximity to several popular restaurants and bars, with easy access to every corner of the growing city.
POPULAR RESTAURANTS NEAR 2030 28TH 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
Burger Patch
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
Nishiki Sushi
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
SOUTHSIDE PARK
STATE CAPITOL
ROOSEVELT PARK
SUTTER’S FORT
WINN PARK
TRUITT BARK PARKFREMONT PARK
16H16E
ONYX APARTMENTS
16TH
P
R
20TH
L
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2030 28th Street
GOLDEN 1 CENTER
NEARBY AMENITIES
Section Two: Building Location 203028TH STREET
RAILYARDS
WATERFRONT
401 BROADWAY
1601 BROADWAY
THE MILL
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California is now the fifth largest economy in the
world. Sacramento, 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
National Nutrition Month, Sacramento was ranked
the 5th healthiest city in the United States among
100 large cities (ranking higher than Denver,
Colorado Springs, San Francisco, Portland, Aus-
tin, San Antonio and Seattle). Forbes magazine
ranked Sacramento as the 10th healthiest 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-wa-
ter rafting abound along the American River. One
of Sacramento’s crown jewels... the 32-mile Amer-
ican River Bike Trail runs entirely along the river
from Beal’s State Park to Discovery Park where it
conjoins with the Sacramento River to Old Sacra-
mento on the riverfront.
Located only 85 miles east of San Francisco,
Sacramento enjoys easy access to the entertain-
ment amenities provided by the robust Bay Area,
as well as the entire Northern California region,
for about 60% of the cost.
With a consistent climate, featuring over 300
days of sun on average throughout the year, the
Region is located at the Northern portion the Cen-
SACRAMENTOtral Valley which produces more agriculture than
any other valley in the United States, If you are
eating a tomato in the United States there is a
9 in 10 chance it came from the Central Valley.
Lettuce, almonds, rice and mandarin oranges are
close behind. This unique combination of soil,
water and temperature in coordination with Sac-
ramento’s solid, highly reliable economic base,
make Sacramento the “farm-to-fork” capitol of
the world. No one on earth eats fresher food than
“Sacramentans”. If you want to select the perfect
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 faster (not closer)
to get to downtown Napa from Sacramento than
from San Francisco.
1 3
THERE’S A REASON EVERYONE IS COMING HERE.
Section Three: Sacramento 203028TH STREET
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Ten minutes from downtown Sacramento is the
University of California at Davis, acknowledged
as one of the finest agricultural institutions in
America, and home to the Mondavi Center, a $10M
performance art center donated by the Mondavi
Family who also maintain a close relationship with
Davis’ Viticulture 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, California
Public Employees Retirement System and Califor-
nia State Teachers Employee Retirement System...
two of the largest pension funds in the world.
Regional employers with large presence in Sac-
ramento include AT&T, Wells Fargo, Intel, Apple,
AAA and Tesla.
Employment growth in Sacramento has largely
outpaced the national average since 2012. Pro-
fessional & business services, and leisure & hos-
pitality have been among the strongest growth
sectors in this cycle; however, the education &
health services sector have been the largest con-
tributor to job growth since the bottom of the eco-
nomic downturn. Total employment in this sector
is nearly 25% above its prerecession peak. Local
hospitals have noted that as of May 2018, thou-
sands of medical positions remain unfilled due to
the lack of skilled talent in the metro area. Within
the professional & business services sector, ad-
ministrative and support jobs have benefitted,
because the metro’s low business costs attract
firms with back-office operations. Continued
growth is expected in the state and local govern-
ment sectors. Sacramento has the highest share
of public sector employment in the country (ap-
proximately 25%) ahead of Washington D.C.
Sacramento’s relative affordability remains one
of its biggest draws. Population growth is expect-
ed 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-fami-
ly and apartment deliveries. In recent years, Bay
Area residents have flocked to Sacramento to es-
cape rising housing costs.
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Section Three: Sacramento 203028TH STREET
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Section Three: Sacramento
Nowhere is the word “renaissance” more appli-
cable and demonstrable than the City of Sacra-
mento.
In 2013, the City of Sacramento, working closely
with NBA Commissioner David Stern, completed a
most transformative economic transaction in Sac-
ramento. A Bay Area ownership team was brought
in to purchase the Kings including constructing a
masterful plan to finance and build a new state-
of-the-art 19,000 seat arena in the heart of the
downtown grid.
The new Entertainment and Sports Arena (Gold-
en1 Center) was completed in fall of 2016. It can
accommodate up to 20,000 people for sports
games, concerts, and conventions. Along with
Golden1 Center, a newly developed Kimpton Hotel
tower that include luxury condos above was de-
veloped. Both new projects anchor the Downtown
Commons (DOCO), which is a new +/-600,000
square foot retail and entertainment center, tar-
geting final tenants Fall of 2019.
The impact to Sacramento’s urban core of this
exceptional achievement has truly formed the
foundation for Sacramento’s urban renaissance.
Since the formal approval by City Council of the
city’s contribution to construct the Arena (and re-
tain the Sacramento Kings) the floodgates have
opened to the urban migration of retailers, busi-
nesses, and residents. Vacancy rates in commer-
cial properties have dropped steadily and rapidly
in every urban district. Property values escalated
exponentially. Blighted buildings on the J, K and L
Street corridors were (or are in the process of be-
ing) activated. 2,000+ new residential units were
constructed over the next three years.
R Street, an avenue of old industrial warehous-
es, has been transformed into a community of
high-end office workers, artisans, restaurants
and residents. Between 2016 and 2019 over 1,000
new residential units will be added to the Down-
town Grid and/or immediately surrounding blocks.
Midtown, already recognized nationally as one of
the most walkable business/residential neighbor-
hoods in America, became even more popular with
retail rents soaring to the upper $36 per SF annu-
al range, and vacancies diminishing to under 4%.
Residential rents which had historically hovered
below $2 per square foot have escalated to $3.15-
urban renaissance
1 7
$4 per square foot for best-in-class properties.
Over 120,000 people work in the Downtown/Mid-
town area and there is no workplace that isn’t in
walking distance or a short JUMP ride from 2030
28th Street.
According to a recent study completed by Bay
Area Economics (BAE) Urban Economics in co-
ordination with the Capitol Area Development
Authority (CADA), and the City of Sacramento,
only 6% of the population lives in the urban core.
Estimated demand over the next decade is more
than +/-11,700 units with a possible demand of
up to 20,000 units. Current total pipeline supply
is +/-5,664 units, and that is being very generous
with submarkets like the Railyards, accounting
for up to +/-2,000 of those units, which is still
in need of significant infrastructure. In addition,
several high-rise residential projects accounting
for at least another +/-500 units seem, at this
time, economically infeasible requiring rents of
over $4.00 per sf to warrant concrete, steel and
glass construction inclusive of multi-story con-
crete parking structures.
Demand for apartment units targeting residents
with median family incomes in excess of 120%
over the mean is almost +/-2,000 units above pro-
jected supply. This does not account for the eco-
nomic construction challenges mentioned above.
It goes without saying the number of professional
workers in the urban core of the State’s Capitol
is extensive. 60% of the workforce has some col-
lege education and over 1/3 of the workforce have
bachelor’s degrees or graduate degrees. 38%+ of
the workforce is millennial or Gen Y, and 39%+ of
the workforce earns over $50,000 annually, with
25% earning $75,000 - $150,000+ per year.
These figures do not account for continuing and
increasing regional migration from the Bay Area
which is booming as housing prices in the Sacra-
mento Region are +/-60% of Bay Area prices in
every category.
The future of well-designed apartments looks
very, very bright in Sacramento’s urban core.
demand for luxury living
203028TH STREET
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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
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Section Three: Sacramento 203028TH STREET
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#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
#5 U.C. cities with fastest tech job growth
#5 Healthiest large city in America
#6 Nation’s greatest cities for food lovers
#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
#25 America’s top 50 biking cities
SACRAMENTO’S CITY RANKINGS
FASTER GROWTH THAN AVG IN PRO-FESSIONALS WITH BACHELORS
2013 2015 2017 2019100%
102%
104%
106%
108%
110%
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 1
Section Three: Sacramento
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 2019
NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:
1 MILE 2 3
85,223
147,025
189,518
48% Public Admin. & Sales
17% Science & Tech.
4% Information
5% Healthcare & Social
7% Hospitality & Food
19% Other
WALKSCORE:
93BIKE
SCORE:
98TRANSITSCORE:
53
203028TH STREET
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THERE’S NEVER BEEN A BETTER TIME TO COME TO SAC
L O S A N G E L E S
S A N J O S E
DEMANDSacramento’s strong economic momentum has con-
tinued through 2019. Apartment demand began in 2012
driven by distress in the housing market, forcing many
former homeowners to become renters, in addition to
a steady rebound in employment that same year. The
metro’s vacancy recovery has not yet been burdened
by large-scale supply additions, which has allowed
vacancies to remain near historical lows. Greater net
in-migration, particularly from the Bay Area, along with
solid demographics have helped boost demand. Accord-
ing to Apartments.com, more than 20% of year-to-date
searches for Sacramento apartments came from Bay
Area residents (as of August 2018). Midtown Sacramen-
to was listed as one of their most popular search areas.
Improving economic conditions have supported steady
demand. Construction, Education and Health services
led the way in job growth year-to-date and the trend is
expected to continue in Sacramento’s urban core with
Kaiser occupying a 175,000 SF location at 6th and J
Street, as well as their future medical campus spread
over 17 acres in the Railyards, over the next decade.
Above-average employment growth is also expected to
continue in the leisure & hospitality sector, thanks
in large part to the new retail and hotels opening in
close proximity to the Golden 1 Center development.
LOCAL APARTMENT MARKET
Section Three: Sacramento
S A N F R A N C I S CO
SUPPLYThe majority of housing projects underway are in
the affluent suburban submarkets of Roseville/Rock-
lin and Elk Grove. A few developers have focused on
market rate urban core properties (apartments) such
as Eviva, a 118 unit modular development, Ice House
at the Ice Blocks, a 146 unit development along the R
Street corridor, the 700 Block of K Street (136 units
on K Street), 19J (160 studio units delivery Q4 2019),
H16 (95 market-rate units slated for Q4 2019), E16
(95 Market Rate units occupancy Q2 2020), The Press
(277 market rate units slated for delivery Q2 2020)
and the 800 Block of K Street (170 units scheduled for
Q2 2021). This does not even come close to supply-
ing the apparent demand for urban core apartments
as most of these projects have waiting lists at rents
above pro forma (and pro forma is pushing +/-$4.00
per SF for Studio units and +/-$3.50 per SF for 1 and
2 bedrooms). The pending demand for higher end fair
market apartments is at least +/-2,000 units. Given
the scarcity of available land, the emphasis at the City
level for providing “low income” housing options, the
increasing cost of permit fees and the ever-extending
construction timelines for project completions, it ap-
pears the supply of market rate urban housing will be
constrained for the foreseeable future.
203028TH STREET
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DE
NV
ER
S E A T T L E
2 5
2409 L STREET, STE 200 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2019 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 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 respec-tive affiliates, as to the accuracy or completeness of the information 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 inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
ZACHARY HOOKERDIRECTOR - LIC. [email protected]
AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]
DAVID MESSERDIRECTOR - LIC. [email protected]
203028TH STREET
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