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Mueller Corners

Mueller Corners is a 100%-leased, multi-tenant retail center at the southeast corner of Marconi and Fulton avenues in Sacramento. The approximately 18,427-square-foot property occupies about 2.3 acres and is leased on a net basis to a mix of food, service, and retail businesses.The offering is priced at $4,741,000, or approximately $257 per square foot, with an in-place capitalization rate of 6.5% and net operating income of $308,163. The center was built in 1980 and renovated in 2014, with surface parking at approximately four spaces per 1,000 square feet.Mueller Corners sits across from Town &amp; Country Village and next to Taylor Center, placing it near Sprouts Farmers Market, Trader Joe’s, Walmart Neighborhood Market, and other established retailers. The site benefits from SPA zoning, visibility along the Marconi Avenue corridor, reported traffic of approximately 27,701 vehicles per day on Marconi Avenue, and access to Business 80 and U.S. Highway 50.

Micron Corporate Center

CBRE is proud to offer the opportunity to acquire Micron Corporate Center, a stabilized institutionally-owned office building in Sacramento, California.This handsome, well-maintained asset sits on the western end of the Highway 50 Corridor, one of the most successful suburban office submarkets in the Sacramento Metro. The building is less than 15 minutes from the Central Business District and all city, county, state and federal government offices. It is five minutes from the confluence of Highway 50 and Interstates 80 and 5 allowing for rapid transit to all points on the compass. The complex is surrounded by housing of all types and proximate to a variety of retail amenities. Perhaps most importantly for the Subject’s occupants and their clients 9616 is located next to Sacramento County’s Branch Center Complex which hosts several key county departments, administrative office and specialized human services facilities.The asset is priced at $8,760,000 which equates to $125 per sq. ft. for 69,441 sq. ft. of improvements and a year one capitalization rate of 8.9%. Of the building’s total footprint approximately 6,343 sq. ft. is available, offering an opportunity for a modest bump in annual revenue if and when this space is occupied. The balance of the building has long been leased to Sacramento County which recently initiated multiple expansions to accommodate growth and increased utilization of the facility.Per CBRE’s Q2 Office Report the Highway 50 Corridor consisted of 11.39 million sq. ft. with an availability rate of 29.7%. Year-to-date net absorption was positive 128,000 sq. ft. By way of contrast, the 9616 Micron Avenue is 91% leased, clearly outperforming its regional peer group. The building’s location, condition and capable management have allowed it to achieve economic success in what may otherwise be described as a challenging environment.

1725 28th Street

As exclusive advisors CBRE is pleased to offer for sale a ±90,843 sq. ft. two building office complex located on ±2.18 acres at the corner of 28th &amp; S Streets in Sacramento’s Midtown. The larger building is ±82,643 sq. ft in size while the smaller annex encompasses ±8,200 sq. ft.The prominent location affords quick and easy access to both Midtown and all parts of the Central Business District. It represents an ideal opportunity for an owner-user to acquire a high-quality new home for their business in the middle of the retail, residential and governmental developments that make Sacramento’s Midtown such a lively, desirable place to be. Alternatively the significant size of the Subject’s parcel, dimensionally a square block proximate to all area freeways and abundant public transit, fairly begs for a developer enthusiastic about adding to Sacramento’s multi-housing inventory at a time of shrinking vacancy rates and rapidly rising rents.For several years Downtown and Midtown have been experiencing robust growth in the development of residential and mixed-use projects. The hybrid work model set in motion a population shift as highly-paid technology workers and others emigrated from the Greater Bay Area to take advantage of Sacramento’s more relaxed and affordable lifestyle.The centrally located site is only blocks from the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center and SAFE Credit Union Performing Arts Center. It is close to every major downtown office building, most State of California office buildings, abundant shopping venues, and a plethora of dining opportunities ranging from fast/casual to white linen tablecloth.The property is being offered at $8,115,000 which equates to $89 per square foot of net rentable area and $85 per square foot of land. Parking is available both on site as well as within a proximate parking structure shared with the Sacramento Natural Foods Co-op.Expressions of interest should be directed to Randy Getz or Tony Whittaker whose contact information is set forth in the offering memorandum.

Blackhawk Plaza

<h3>OFFERS DUE OCTOBER 16, 2026.</h3>Tours available Wednesday, October 14, 10:00 a.m. to 2:00 p.m. To schedule a tour, please contact James Kaye at +1 408 453 7419 or james.kaye@cbre.comSALE IS SUBJECT TO BANKRUPTCY COURT APPROVAL AND OVERBID. EMAIL LISTING BROKERS FOR ADDITIONAL INFORMATION &amp; BID PROCEDURES.CBRE and KW Commercial are proud to offer the opportunity to acquire Blackhawk Plaza, an open air lifestyle center in Danville, California. This distinctive development enjoyed substantial success pre-Covid and is now being marketed under the auspices of the United States Bankruptcy Court for the Central District of California. An opportunistic acquisition of this once-iconic asset will allow a prospective purchaser to undertake a re-leasing and repositioning strategy in the middle of high income, supply-constrained Danville, California.Please note that the sale is subject to Bankruptcy Court approval and overbid. Please email the listing brokers for additional information regarding the sale process.Blackhawk Plaza was one of the Bay Area’s most ambitious upscale retail developments. Opened in 1989 as part of the master-planned Blackhawk community, the center combined luxury shopping, resort-style landscaping, and cultural attractions in a setting unlike any other East Bay shopping center.While retailers came and went over the decades, Blackhawk Plaza ultimately found its identity not as a traditional shopping mall, but as a destination centered on dining, entertainment, and cultural attractions.Tenants in place represent a broad spectrum of service-oriented uses and many have demonstrated remarkable resilience in the face of the center’s post-Covid decline. The complex presently consists of 53 units of which 32 are rented, representing 45% of the Subject’s existing square footage. Access to a Virtual Deal Room containing significant source documents compiled with this sale in mind, including a CBRE MAI appraisal from May of 2026, is available upon request.The center is located at the northeast quadrant of Blackhawk Road and Camino Tassajara in the southern portion of the unincorporated community of Blackhawk, California just east of Interstate 680 and just north of Interstate 580.

Greenback Corners

Greenback Corners is a fully leased Sacramento retail property at Garfield Avenue and Greenback Lane, offered through CBRE at $6,295,000. Approximately 17,295 square feet of improvements support a mix of food and service tenants. The offering indicates pricing of $364 per square foot and a first-year cap rate of 7.33%.Most leases pass occupancy expenses to tenants; the United States of America suite, representing 12.5% of the space, is the stated exception. Some existing rents are described as below market, giving buyers a basis for reviewing future lease adjustments. The site is across from the Greenback Lane Interstate 80 on-ramp and near Citrus Heights. Reported daily traffic is 29,354 vehicles on Garfield Avenue and 57,453 on Greenback Lane. Confirm the rent roll, expense obligations and assumptions supporting the projected yield.

Agilent Technologies, Inc. Manufacturing Facility

CBRE is pleased to present the Agilent Technologies, Inc. Manufacturing Facility, a pristine, triple-mint industrial asset offered at $14,875,000 ($224 per square foot). Fully leased to Agilent Technologies, Inc. on a long-term lease through May 31, 2036—with two five-year renewal options—the offering delivers a current net operating income of $868,695 and a 6.0 % capitalization rate. This transaction offers immediate cash flow and a mission-critical, credit-worthy tenant in a cutting-edge manufacturing and testing facility supporting food-safety analytical solutions.Situated at 91 Blue Ravine Road in Folsom, California, the ±66,414 square-foot complex occupies 4.39 acres within an M-1 PD (Light Industrial/Planned Development) zoning district. Originally constructed in 1984 and comprehensively renovated in 2015, the facility features a fully functional fire sprinkler system, enhanced security-alarm infrastructure and 194 on-site parking stalls. The building’s design accommodates both heavy-duty manufacturing and precision laboratory support functions in a single, efficient footprint.Agilent’s operations at this site encompass order fulfillment and supply-chain management for chromatography columns and related consumables; production, stocking and distribution of scientific consumables; dedicated customer applications laboratories and collaboration spaces; and manufacturing-support operations for chromatography hardware components. Agilent, a tenant since 2008, has continually reinvested in the campus—including the 2016 debut of its adjacent $14.7 million, ±53,000 square-foot Center for Excellence—underscoring their commitment and fostering a highly specialized industrial ecosystem.Positioned within the Sacramento metropolitan industrial corridor, this property benefits from access to a deep labor pool, proximity to regional research institutions and seamless connections to major transportation routes. Investors seeking a stable, single-tenant industrial asset with mission-critical applications in a growth market will find this offering an exceptional addition to their portfolio.

815 S Street

815 S Street is an owner-user office opportunity between Eighth and Ninth Streets in Sacramento's central business district. CBRE is offering the approximately 13,919-square-foot building on approximately 22,076 square feet of land at $3,500,000. The stated pricing is about $251 per rentable square foot and $159 per square foot of land.The property includes on-site parking and an open interior that can be evaluated for reconfiguration. Its downtown setting connects with Midtown and places the Capitol, Downtown Commons, Golden 1 Center, the convention center and performing arts venues nearby. Randy Getz and Tony Whittaker can provide the offering memorandum and additional information for buyers reviewing a business relocation or ownership strategy.

The Gordon D. Schaber Sacramento County Courthouse

The Gordon D. Schaber courthouse property offers approximately 470,000 square feet in a six-story building on approximately 2.5 acres in downtown Sacramento. CBRE is marketing the site, which has OB-SPD zoning.Earlier offering materials anticipated the occupants' relocation to the Tani G. Cantil-Sakauye courthouse at 500 G Street by the end of April 2026. Buyers should confirm the current vacancy and possession timetable with the broker. The site is near the Capitol, Downtown Commons, Golden 1 Center and the Railyards, with access to transit and regional freeways. Contact Randy Getz for the offering memorandum and information needed to evaluate the existing building and future use.

VSP HQ3 & HQ4

VSP HQ3 and HQ4 are two office buildings offered from VSP Vision's Rancho Cordova campus. VSP retains HQ1 and HQ2 for staff, while HQ5 was sold in December 2023. CBRE is marketing HQ3 and HQ4 at market pricing.The properties have been maintained by VSP's in-house management team and sit on Zinfandel Drive south of Highway 50, approximately 12 minutes from downtown Sacramento. The campus provides free parking within the Highway 50 office corridor. Buyers can assess an owner-user purchase, a leasing investment, or a combination of occupancy and leasing surplus space. Interior and exterior virtual tours are available in the offering materials; contact Randy Getz for details and expressions of interest.

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Randy Getz of CBRE analyzes the Q4 2025 Sacramento Office Market figures, providing critical capital markets takeaways for institutional and private investors. (158 characters)

Interpreting Sacramento’s Office Market Trajectory: Q4 2025 Capital Markets Takeaways

The dynamics of the Sacramento Office market are shifting rapidly, and our newly released Q4 2025 figures provide critical visibility for investment strategies moving into 2026. While the headline vacancy rate of 18.7% and negative absorption reflect the ongoing national trend of rightsizing, these numbers do not capture the whole story for capital market opportunities in Northern California. My key takeaways from this latest research reinforce the importance of meticulous underwriting. The flight-to-quality persists among occupiers, creating nuanced stability in Class A trophy assets while concurrently generating unique value-add or conversion plays for well-capitalized private and institutional investors within the Class B sector. What this means for my clients is a call for a strategic approach rather than reaction. In a market categorized by pricing discovery, our extensive buyer network and deep-dive ARGUS underwriting analysis remain your greatest tools. Whether you are looking to dispose of core assets at maximum value or identify distressed opportunities with sophisticated repositioning potential, these Q4 figures serve as the data-driven foundation of our discussion.

Capital Is Coming Back to Commercial Real Estate

There's a number from CBRE's Q4 2025 U.S. Capital Markets report that I keep coming back to: $171.6 billion in U.S. commercial real estate investment volume in a single quarter &mdash; up 29% year-over-year. For the full year, total investment came in at $499 billion, a 22% increase over 2024. Those are not recovery numbers. Those are acceleration numbers. I've been in investment sales long enough to recognize the difference between a market that's technically improving and one where capital has actually re-committed. What we saw across 2025, and what crystallized in Q4, is the latter. The lending environment improved materially. Loan-to-value ratios moved up. Alternative lenders, banks, and life companies are all participating at healthy levels. The CBRE Lending Momentum Index rose meaningfully year-over-year. These are the conditions that allow transactions to close &mdash; not just the conditions where buyers and sellers agree in principle but can't get to the finish line. For my clients in Northern California, this matters in a very direct way. Sacramento has historically lagged gateway markets in investment volume cycles &mdash; we feel the recovery later, but we also tend to hold value more durably. What the national data is telling us is that the capital rotation has already happened at the institutional level. The question now is where private and regional investors are going to follow. I've also been watching the lending side closely. The fact that LTV ratios are rising tells me lenders have more confidence in asset valuations than they did even six months ago. When lenders are willing to lend more against the same asset, that's a pricing signal. It reflects growing consensus that we're past the bottom of the pricing correction cycle. Private buyers led Q4 activity nationally at $92 billion &mdash; the largest cohort by far &mdash; which is exactly the buyer universe I serve every day. These are family offices, private equity platforms, 1031 exchange buyers, and regional investors who are hungry for quality assets in markets they understand. My job is to put the right assets in front of that capital. If you're an owner who's been waiting for the market to turn before having a conversation about timing your sale, that conversation is overdue.

Sacramento Office Is Finding Its Floor

I've been watching the Sacramento office market closely for a long time, and what I'm seeing right now is something I'd characterize as painful-but-progressing. The numbers in CBRE's Q4 2025 Sacramento Office Figures aren't pretty on the surface &mdash; an overall vacancy rate of 18.7%, continued negative absorption &mdash; but if you understand the market context, there's a more nuanced story worth paying attention to. The dominant driver of vacancy here isn't weak private-sector demand. It's the State of California. Over the past two years, the state has been consolidating into newly constructed, state-owned buildings and letting large legacy leases expire. That has added millions of square feet to an already elevated-vacancy market. It's a structural correction, not a market collapse. And critically, that correction is now largely running its course. Here's what I'm focused on: construction activity has nearly stopped. There's barely 200,000 square feet under construction in the entire Sacramento market right now &mdash; well below the historical average of 1.3 million square feet. When you combine a dramatic pullback in new supply with the state's consolidation cycle winding down, the setup for gradual stabilization becomes more plausible. This is exactly the kind of environment where patient, well-positioned sellers can still execute, and where disciplined buyers can acquire quality assets at a meaningful discount to replacement cost. I've also been watching the downtown submarket specifically. A downtown Sacramento office building that sold for $28 million back in 2016 changed hands again in Q4 &mdash; at a lower absolute price, but at the highest price per square foot downtown has seen since 2022. That tells me there's still a pricing floor forming, and that institutional buyers recognize the value when they see it. Sublease inventory has also dropped nearly 50% from its 2023 peak. That matters because sublease space has historically been the most visible indicator of market stress. Its retreat is a genuine sign that occupier-level distress has subsided. For my clients who own Sacramento office assets, the conversation I'm having right now is about patience, positioning, and proper pricing. The market isn't going to snap back overnight, but the conditions for a measured recovery are assembling. I'd rather have this conversation now &mdash; before the crowd arrives &mdash; than after the window has narrowed.

Connecting Capital WithOpportunity