700 L St
Sacramento, CA 95814
Office/Retail Property For Lease · 23,285 SF

Full 5% Feel to Procuring Broker or Tenant Rep! Turton Commercial Real Estate is pleased to bring to market a once in a generation opportunity to own your own real estate mere blocks from the California State Capitol, across the street from Golden 1 Center, Downtown Commons (DOCO), and the region’s best amenities. With the potential for retail and office, the offering stands as one of the most unique and valuable opportunities in the Central Business District. The former bank building features a substantial ground floor space of approximately 6,590 square feet. This space boasts high-ceilings, excellent natural light, and nearly limitless potential for retail or high-end office. Everything from a restaurant, lounge, bar, athletic use and others would benefit from the AAA location, high-visibility, and potential for high-visibility signage. The 2nd floor features approximately 2,640 square feet of mezzanine space that can be purchased or leased separately or in combination with the ground floor. The 2nd floor also features two outdoor patio spaces that are exclusive to the 2nd floor, making for making for a potentially one-of-a-kind restaurant and bar experience. The 3rd and 4th floors feature approximately 5,975 and 8,080 square feet of wide-open shell space respectively. Ideally suited for an office user such as an association, law firm, marketing agency, or a retail user. Both floors feature excellent window-lines with views of Downtown along the mature tree canopy. Prominent building signage is available, which can help anchor your presence in the epicenter of Downtown Sacramento and the region’s central business district. Parking is available at market rates, directly adjacent to the building. The ownership is offering the aforementioned spaces for lease and for sale. From a lease standpoint, for office users, ownership is offering turnkey tenant improvements from shell, at a starting rate of $3.75/SF/Month Full Service. This is competitive with existing Class A space in premier locations, and provides the opportunity for a tenant to occupy an entire floor, rarely available in Downtown Sacramento at the 6,000 – 8,000 square foot threshold. From a purchase standpoint, ownership is offering the shell spaces for $425 per square foot, which is inclusive of a $125 per square foot improvement allowance, to bring the space from shell to a deliverable standard. This approach takes much of the burden of managing construction and timelines, off of the prospective buyer, and focuses their attention on working hand in hand with architects and general contractors to deliver the ideal, custom office or retail space. Additionally, the new owner would be part of the building condominium association which would manage many aspects of the building’s maintenance and relieve an owner from the minutia of that process. 700 L Street presents an opportunity to own your real estate. Real estate that can be an effective tool to attract and retain talent, engage clients and visitors, and motivate staff to deliver their best work. Your future trajectory can be determined by the decisions you make today. 700 L Street stands as a potentially defining moment of opportunity for a company. Let’s discuss how we can begin crystallizing that vision together.