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600 Q St
Sacramento, CA 95811
Office Property For Sale
Investment Highlights
- Further rent appreciation can be realized through renewing existing Tenants when their leases roll while enjoying a steady cash flow in the meantime
- Both a new roof and HVAC systems have been installed providing a new Owner with little property management obligations
- Numerous amenities are within this walking distance of 520-530 9th Street, including DOCO, Sacramento’s premier retail center
- 100% occupied by two tenants with long-term occupancy at this location including renewals providing secure cash flow
- Landlord currently is not charging for parking but the market rate is $150 per stall
- The Downtown and Midtown average parking ratio is 2.00 per 1,000 SF. 600 Q Street provides secured parking
Executive Summary
600 Q Street is a two-story office building comprising of 21,800 rentable square feet in the Downtown submarket of Sacramento, located at the corner of 6th and Q Streets. The building was originally constructed in 1956 and underwent major renovations in 2003/2022 with the replacement of the roof and the HVAC systems. The project has been acclaimed for its architectural design and has floor to ceiling glass walls throughout the property which provides an abundance of natural light. Both the current tenants in the
building have occupied the space since it was renovated to a multi-tenant office building. The property covers 0.59 acres and offers a parking lot with a parking ratio of 1.56 per 1,000 square feet leased.
building have occupied the space since it was renovated to a multi-tenant office building. The property covers 0.59 acres and offers a parking lot with a parking ratio of 1.56 per 1,000 square feet leased.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,900 SF
Building Class
B
Year Built/Renovated
1956/2003
Price
$8,857,600 CAD
Price Per SF
$423.81 CAD
Cap Rate
7.50%
NOI
$664,320 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,900 SF
Building FAR
0.82
Lot Size
0.59 AC
Zoning
OB-W-SPD, Sacramento
Parking
24 Spaces (1.15 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 006-0262-016 | Improvements Assessment | $5,279,203 CAD |
| Land Assessment | $1,026,293 CAD | Total Assessment | $6,305,495 CAD |
Property Taxes
Parcel Number
006-0262-016
Land Assessment
$1,026,293 CAD
Improvements Assessment
$5,279,203 CAD
Total Assessment
$6,305,495 CAD
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