700 L St
Sacramento, CA 95814 Capitol Park

THE OPPORTUNITY:
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. Parking is available at market rates, directly adjacent to the building.

From a purchase standpoint, ownership is offering the shell spaces for $425-$500 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.

THE LOCATION:
700 L Street is situated at the intersection of Sacramento’s thriving entertainment district, government affairs district and Capitol Mall, located just one block from Downtown Commons and Golden 1 Center, with the best amenities immediately accessible in the entire urban core.

In addition, the property is located near the K Street Redevelopment Zone which was implemented to create a mixed-use live/work entertainment zone along K Street. Patterned (somewhat loosely) in similar fashion to the Pearl District in Portland, the City of Sacramento saw the vacant, blighted buildings along K Street as an opportunity to create a dynamic entertainment grid that would encourage residents to live in the area, retailers and restaurateurs to invest into their businesses, and form a vibrant, energized urban core that allowed for an 18 hour daily economic cycle.