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.

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.

1801-1811 9th Street, Sacramento

1801-1811 9th Street is a single-story, approximately 14,794-square-foot property on three parcels totaling 25,600 square feet at 9th and R Streets in downtown Sacramento. It is offered at $3,995,000. RMX-SP zoning and an Opportunity Zone location provide context for evaluating owner occupancy, investment or redevelopment.California Highway Patrol has occupied the property since 1997, following a substantial interior retrofit of the original 1962 printing building. Current gross rent is $26,561.21 monthly, fixed for the remaining term. The lease extends to May 31, 2027 and includes termination on 90 days' notice. Ownership expects CHP to relocate to a larger facility at 13th and U Streets once its improvements are complete; timing should be confirmed.The property is five blocks from the Capitol, eight blocks from Downtown Commons and Golden 1 Center, and three blocks from the 12th Street light rail station. Contact Randy Getz or Tony Whittaker for the offering memorandum and lease details.

Properties for Sale

Micron Corporate Center

$8,760,000

1725 28th Street

$8,115,000

815 S Street

$3,500,000

The Gordon D. Schaber Sacramento County Courthouse

$13,600,000

VSP HQ3 & HQ4

Unpriced

1801-1811 9th Street, Sacramento

$3,995,000