MachineWorks
1414 NW Northrup St Portland, OR 97209
115,138 sf
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.