1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish...

15
CREATIVE OFFICE / RETAIL MIDTOWN, SACRAMENTO 1616 1630 I STREET +

Upload: others

Post on 16-Oct-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

C R E A T I V E O F F I C E / R E T A I LM I D T O W N , S A C R A M E N T O

1 6 1 61 6 3 0I S T R E E T

+

Page 2: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

0 1

1 6 1 61 6 3 0I S T R E E T

+

AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]

SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]

2409 L STREET, STE 200 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2019 This information has been secured from sources believed to be reliable. Any projections, opinions, assumptions or estimates used are for example only and do not constitute any warranty or representation as to the accuracy of the information. All information should be verified through an independent investigation by the recipient, prior to execution of legal documents or purchase, to determine the suitability of the property for their needs. Logos and/or pictures are displayed for visual purposes only and are the property of their respective owners.

Page 3: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Section One: 1616 & 1630 I Street

0 2

1616+1630 I ST2 6,400-26,000 75+

S.F. OF OFFICE RETAIL SPACE AVAILABLEBUILDINGS NEARBY RESTAURANTS & AMENITIES

1616 and 1630 I Street are two exceptionally rare opportunities for a creative office or retail tenant to lease anywhere from +/- 6,400 square

feet up to +/- 26,000 square feet just one (1) block from one of urban Sacramento’s busiest thoroughfares (16th Street) with more than 22,000

cars per day.

The corner building, 1630 I Street, is a striking +/- 6,400 square foot ground floor and mezzanine office building. The property is currently VSP’s

Innovation Lab, has floor to ceiling windows, soaring ceilings, and a mid-century modern design aesthetic. They will be vacating their space at

the end of November 2019.

Immediately next door is 1616 I Street. This property, which is currently a +/- 19,600 square foot parking garage, is being reimagined as

Midtown Sacramento’s next historical and creative office space conversion. The space has tremendous future potential to be transformed

by leveraging the impressive roof truss systems and historical façade along I Street. This renovation opportunity makes this building highly

desirable from a retail or contemporary office perspective.

The properties sit in the middle of numerous infill commercial and mixed-use development projects are well under development along the 16th

Street corridor, including the future redevelopment of the former Clarion Hotel at 16th and H, the four story future project at 1631 K Street, the

remodel of the Memorial Auditorium and Sacramento Convention Center expansion.

The property is located a stone’s throw from countless amenities, including Mikuni, PF Changs, The Mill Coffee, LowBrau, Burgers and Brew,

Starbucks, the Memorial Auditorium, Firestone, Pieology, Squeeze Inn and much more.

This is a truly one of a kind opportunity to lease one or two freestanding office/retail storefront buildings along Midtown’s hottest corridor.

Benefit from great identity, a high level of exposure and a city on the rise. It is easy to imagine transforming these spaces into two of the most

desirable buildings in town.

>

1 6 1 61 6 3 0I S T R E E T

+

PHOTOS - 1630 I STREET

Page 4: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

0 5

• 1616 I Street is ± 19,600 rentable square feet

• 1630 I Street is ± 6,400 rentable square feet

• Up to ± 26,000 square feet of contiguous office or retail space

• Modern and historical design aesthetic

• Up to ± 26 parking stalls available

PROPERTY FEATURES

1 61 6

1 630

I S T R E E T

Section One: 1616 & 1630 I Street

0 5

1 6 1 61 6 3 0I S T R E E T

+

PHOTOS - 1616 I STREET

Page 5: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

0 6

Section Two: The Location

1 6

THE EPICENTER75+10 1,000

NEW HOUSING UNITSNEARBY DEVELOPMENTS NEARBY AMENITIES

1616 and 1630 I Streets are ideally located in the epicenter of Sacramento’s urban core. Within 5 minutes of Interstate 5, Interstate 80, and

Highway 50 the property is perfectly situated between every major suburb in Sacramento. Furthermore, the property is located a few blocks

from light rail and one block from public transit. Both buildings area mere 2 – 3 minutes away from special events at Golden 1 Center,

grabbing lunch at some of Sacramento’s finest restaurants or working out at 24 Hour Fitness or Cal Fit. The light rail will also soon connect the

Railyards, The Sacramento Republic FC Soccer Stadium, and (someday soon) Sacramento International Airport.

>

1 6 1 61 6 3 0I S T R E E T

+

Page 6: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

MARRSLOW BRAU

BLOCK BUTCHERCOMEDY SPOT

AZULPIZZERIA URBANO

PEET’S COFFEEHEADHUNTERSBADLANDS

FACES

PETE’S RESTAURANTMARIKA CAFE

SUBWAY

JACK’S URBAN EATS

STARBUCKSNOAH’S BAGELS

DOMINO’SJYROS

BUCKHORN GRILLAIOLI BODEGAESPAGNOLAOLD SOUL

CREPVILLEBRODERICKTHE RIND

MAKE FISH POKE

ZOCALO*58 DEGREES

THE PRESS BISTROFIELDWORK BREWINGPUSHKIN’S BAKERY

19J DEVELOPMENT

OLD SOUL COFFEE

ELLIOT BUILDINGMIKUNI

PF CHANGS

STATE CAPITOL

21ST

JST

IST

16th CLARIONDEVELOPMENT

LUCCA

OFFICE MAX

BURGERS& BREW

GOLDFIELDSBEVMO

1631 K DEVELOPMENTCVS

GOLDEN 1 CENTER

BREAD STORE

STREETS OF LONDON

SAWASDEE

SPAGHETTI FACTORY

AVISALLURE SALON

HACKER LAB

ACE HARDWARE

THE MILL

WONDERFUL UNION

MULVANEY’SCHIPOTLEDEVINE

MELTING POTREPUBLIC

MIKE’S BIKES

16TH &DEVELOPMENT

MEMORIAL AUDITORIUMRENOVATION

CONVENTION CENTER EXPANSION

Strong interest in

the area has spurred

the redevlopment of

nearby properties.

The Sacramento grid

is peppered with new

developments.

Section Two: The Location

>

MARRS

LOCATION

THE PROPERTY

0 8

1 6 1 61 6 3 0I S T R E E T

+

Page 7: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Southside Park

State Capitol

Roosevelt Park

Sutter’s Fort

Winn Park

Fremont Park

16TH

P

R

20TH

L

1616 & 1630 I STREET

Golden 1 Center

Not only are the properties close to ground zero of Midtown - the property has direct access to Sacramento’s major thoroughfares, meaning every corner of the city is within easy reach.

NEARBY AMENITIES

POPULAR RESTAURANTS AT / NEAR MARRS (NOT ALL ARE MENTIONED HERE):

58 Degrees & Holding Co.

Ace of Spades

Aioli Bodega Espanola

Amaro Italian Bistro & Bar

Art of Toys

Azul Mexican

Badlands

Bar West

Bento Box

BevMo

Block Butcher Bar

Bottle & Barlow

Broderick Midtown

Buckhorn Grill

Burgers and Brew

Cafe Bernardo

Café Bernardo’s

Cantina Alley

Centro Cocina Mexicana

Chipotle

Cornerstone

Crepeville

Der Biergarten

Dos Coyotes

Eatuscany Cafe

Elixir Bar & Grill

Faces

Federalist Public House

Fieldwork Brewing Co.

FishFace Poke Bar

Fit Eats

Fox & Goose Public House

Ginger Elizabeth Chocolates

Grange

Highwater

Hot Italian

I Love Teriyaki

Identity Coffee

Iron Horse Tavern

Jack’s Urban Eats

Karma Brew

Kru Japanese

Bombay Bar & Grill

Kupros Craft House

Lowbrau

Lucca

Luna’s Cafe & Juice Bar

Mango’s/Burgertown

Make Fish

Mercantile Saloon

Metro Kitchen & Drinkery

Mikuni Sushi

Monkey Bar

Mulvaney’s B&L

N Street Cafe

Nekter

Nido

Nishiki Sushi

Old Soul Coffee

Pachamama Coffee Co-op

Paesano’s

Paragary’s

Pizzeria Urbano

Portofino’s

Press Bistro

Pronto Pizza

Pushkin’s Bakery

Q Street Bar & Grill

R15

Red Rabbit

Rick’s Dessert Diner

Roxie Deli and Barbecue

Saddle Rock

Sakamoto

See’s Candies

Shady Lady

Shoki Ramen House

Skool

Squeeze Inn

Sun & Soil Juice

Tank House BBQ

Tapa the World

Tea Cup Cafe

Temple Coffee

Thai Basil

Thai Canteen

The Bread Store

The Golden Bear

The Mill Coffee House

The Porch

The Press

The Rind

The Waterboy

Tres Hermanas

Uncle Vito’s Pizza

University of Beer

Waffle Square Country Kitchen

Yogurt a GoGo

Zelda’s Pizza

Zocalo

1 0

Section Two: The Location

Truitt Bark Park

1 6 1 61 6 3 0I S T R E E T

+

Page 8: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

#1 Happiest workers in midsized cities

#1 Most valuable minor league baseball team

#2 Top 10 most fun, affordable U.S. cities

#4 U.S metro clean tech index

#4 Best cities for nerds

#5 Hot startup cities

#10 Best cities for women in the workforce

#10 Best cities for coffee snobs

#10 Lease Stressed-out cities

#14 America’s coolest cities

#16 Best cities for millennials

SACRAMENTO’S CITY RANKINGS

*Based on data from 2012

NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:

1 MILE 2 3

97,075

131,818

182,867

LARGEST EMPLOYMENT INDUSTRIES WITHIN 1 MILE RADIUS OF THE PROPERTY:

48% Public Admin. & Sales

17% Science & Tech.

4% Information

5% Healthcare & Social

7% Hospitality & Food

19% Other

2011 20172012 2013 2014 2015 2016

$2,000

$1,500

$1,000

$500

AVERAGE MONTHLY RENTAL RATE IN SACRAMENTO:

ANNUAL CONSUMER SPENDING WITHIN A ONE MILE RADIUS OF THE PROPERTY:

Entertainment

Eateries/alc.

Health & ed.

Household

20 40 60 80*Numbers in millions0

Sacramento is the Capitol of California, the fifth largest economy in the world. Being the hub

of California’s governmental structure provides an incredible amount of economic stability

throughout the region. In addition, Sacramento is recognized as an outdoor enthusiast’s dream

city with its remarkably central location to Lake Tahoe, the Sierra’s, Yosemite and the Coast. A

big part of this recognition stems from the cities’ proximity to the American River.

Located only 85 miles east of San Francisco, Sacramento enjoys easy, unfettered access to all

of the entertainment amenities provided by the robust Bay Area as well as the entire Northern

California region, for about 60% of the cost. Ice Blocks is ideally located in the epicenter of

Sacramento’s Urban core. Being on the major city inlet of 16th Street is not only advantageous

for high accessibility and visibility; the avenue marks the boundary between corporate,

powerful Downtown and fun, artsy Midtown. By having one foot in each of these submarkets,

Ice Blocks draws interest and activity from the widest possible swatch of locals and is

becoming a new urban destination.

Section Three: Sacramento

The city’s recent

renaissance is

accelerating,

catapulting in young

professionals from

across the nation.

1 2

SACR AMENTO 140 55100,000+15.3 MILLION 71,335DAYTIME EMPLOYEES DOWNTOWN BARSANNUAL REGIONAL VISITORS RESTAURANTSTOTAL DAYTIME POPULATION

>

1 6 1 61 6 3 0I S T R E E T

+

Page 9: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Section Three: Sacramento

07

THISCITY

ROCKSSacramento boasts absolutely no shortage of top-notch

restaurants, sharp local IPAs, hole-in-the-wall hidden gems,

skilled baristas, electronic music street festivals, light-up

party bikes, outstanding produce, and warm people.

1 4

1 6 1 61 6 3 0I S T R E E T

+

Page 10: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

MIDTOWN

Section Four: Midtown

14575,000+40,000+ 58AWESOME BARSSF OF NEW DEVELOPMENT RESTAURANTSDAILY VISITORS

Midtown Sacramento is the perfect fusion of successful locally owned business and organic youth infused goods and services; a healthy dose

of carefully selected national and regional retailers and an eclectic mix of high-end demographic occupations are embedded in a landscape of

unique older buildings and mature trees. Business owners, residents and investors have flocked to the center of Sacramento’s art, music, and

cultural scene to cash in on the fruitful submarket. Many people consider Midtown to be the most centralized area in the city of Sacramento,

with easy access to Downtown, Old Sacramento, West Sacramento and East Sacramento.

The midtown neighborhood has emerged as urban Sacramento’s most popular live, work and play destination. The hubs of this exciting district

are the Elliot Building and the MARRS building. The neighborhood features Sacramento’s most successful restaurants and nightlife venues and

has an eclectic mix of local restaurants, art galleries, coffee houses and boutiques. The Midtown market has high foot traffic both day and

night, and is a hot-spot for those who love to eat and drink, and enjoy many of Midtown’s most popular establishments. While it is an excellent

starting location for the popular Second Saturday festivities, this area is home to many additional noteworthy events such as the Midtown

Farmers’ Market, THIS Sacramento block parties, PARK(ing) Day, and more.

>

1 6

1 6 1 61 6 3 0I S T R E E T

+

Page 11: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Section One: The Project

1 9

Midtown is the social

hub of Sacramento.

Sacramentans all

know to come to this

part of town to eat,

drink and have fun.

Section Four: Midtown 1 6 1 61 6 3 0I S T R E E T

+

Page 12: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Section Five: Floor Plans

FLOOR PLANS1 6 3 0 I S T R E E T - ± 6 , 4 0 0 S F

>

2 0

FIRST FLOOR MEZZANINE

OPEN TO BELOW

1 6 1 61 6 3 0I S T R E E T

+

Page 13: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

Section Five: Floor Plans

FLOOR PLANS1 6 1 6 I S T R E E T - ± 1 9 , 6 0 0 S F

>

2 2

ALLEY

I STREET

1 6 1 61 6 3 0I S T R E E T

+

GROUND FLOOR

Page 14: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j

2 5

1 6 1 61 6 3 0I S T R E E T

+

AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A [email protected]

SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]

2409 L STREET, STE 200 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2019 This information has been secured from sources believed to be reliable. Any projections, opinions, assumptions or estimates used are for example only and do not constitute any warranty or representation as to the accuracy of the information. All information should be verified through an independent investigation by the recipient, prior to execution of legal documents or purchase, to determine the suitability of the property for their needs. Logos and/or pictures are displayed for visual purposes only and are the property of their respective owners.

Page 15: 1616 1630 · buckhorn grill aioli bodega espagnola old soul crepville broderick the rind make fish poke zocalo* 58 degrees the press bistro fieldwork brewing pushkin’s bakery 19j