400 Capitol Mall_Property for Sale
400 Capitol Mall_Property for Sale
400 Capitol Mall, Sacramento, CA, 95814, US

400 Capitol Mall

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the rare opportunity to acquire the fee simple interest in 400 Capitol Mall (the “Property”), a 90% leased Class A trophy office tower which boasts a strong tenant mix, robust recent leasing activity, and best-in-class amenities, just steps away from the California State Capitol.


The 512,709 square foot trophy office tower is located in the heart of Downtown Sacramento along the highly coveted Capitol Mall Corridor which continues to outperform the market. The Property provides tenants with direct access to the top Sacramento amenities including the highly transformative Downtown Commons, which includes an array of retail and entertainment options surrounding the Golden 1 Center. 400 Capitol Mall offers exceptional on-site facilities including five secure parking levels with valet and car detailing, a state-of-the-art fitness center complete with locker rooms and saunas, a private outdoor pool, a large common-area conference center facility, award winning ground floor dining, and more. The Property has solidified itself as the address of choice for top-tier corporate tenants in Sacramento with 67% credit tenancy and 4.7 years of WALT.


400 Capitol Mall offers an extremely rare opportunity to acquire a true pride of ownership, market-leading asset with strong in-place cash flow at a basis significantly below replacement cost.

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Attributes

Building area net
512,709 sf
Occupancy
90%
Year built
1992
WALT
4.7 years
Number of floors
30 floors
Parking spaces
1,094

Media

Investment Highlights

  • Consistently dominant presence within the Sacramento leasing market - with an average historical occupancy of 90% over the last 25 years
  • Solidified reputation as the address of choice for top corporate tenancy in Sacramento - commanding 36% of total Capitol Mall Corridor leasing velocity since 2020
  • Best-in-class amenities including on-site parking, private fitness center, rooftop pool, ground floor restaurant, and a spacious conference center
  • Main & main location just steps away from the State Capitol, Golden 1 Center, and flourishing Downtown Commons - offering over 630,000 SF of retail and dining
  • Opportunity to acquire the top asset in the market at a significant discount to replacement cost
  • Located in Sacramento, the fastest growing big city in California supported by a robust residential pipeline of more than 8,600 unit
400 Capitol Mall 4_Property for Sale
400 Capitol Mall 4_Property for Sale

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400 Capitol Mall (0 Properties)

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Last updated
5 Jun 2024