Download - 2131 CAPITOL AVENUE, STE 100
2131 CAPITOL AVENUE, STE 100 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2021 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
PATRICK STELMACHSENIOR DIRECTOR - LIC. [email protected]
SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]
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THE PROPERTYThe Mansion by SKK Developments is changing the
landscape of urban core Sacramento. Prominently
rising on the site of the former Mansion Inn Hotel,
the building is a 5-story, 182,924 SF mixed-use
multifamily community providing 186 residential
apartments. Unveiling in Spring 2022, The Mansion
is offering 3,023 SF of Class A retail space for lease
– one space of 1,505 SF on the corner of 16th and H
Streets, and one space of 1,518 SF on the corner of
15th and H Street (both spaces divisible).
Thoughtfully designed with mid-century ambience,
elevated finishes, and modern amenities, The Man-
sion is contemporary yet classic, vibrant yet serene.
S e c t i o n O n e : T he P r op e r t y
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The Mansion’s exterior design pays homage to the
mid-century modern style of the site’s original
Mansion Inn, through its clean horizontal lines,
vertical rhythms, and material selection.
Retailers can take full advantage of The Manion’s
best-in-class community amenities, featuring two
landscaped courtyards, rooftop deck terrace with
stunning views, and heated swimming pool - take a
break from the workday or host your private event!
On-site amenities and features also include expan-
sive lobby, BBQ, pet spa, bike rooms, package lock-
ers, conference room, and fitness center with TRX
System. Garage and bike parking available.
Situated directly across the street from the his-
toric Governor’s Mansion, Broadway at Music Cir-
cus, and Sacramento Theatre Company, Mansion
Apartments is a vibrant destination and a beacon
of activity for the entire Midtown area. Walkable to
Sacramento’s trendiest restaurants and amenities,
retailers at The Mansion will benefit greatly from
hundreds of residents, daytime office employees,
the State Capitol, nighttime entertainment, and
transient traffic from major hotels within a few
blocks. Be part of the newest development trans-
forming Sacramento’s urban core!
1,505 - 1,518SF RETAIL FOR LEASE
186RESIDENTIAL UNITS
182,924SF MIXED-USE BUILDING
REPRODUCTION OF THIS DRAWING IS EXPRESSLY FORBIDDEN WITHOUT THE SPECIFIC WRITTEN PERMISSION OF C2K ARCHITECTURE INC. THIS DRAWING IS ONLY CONDITIONALLY ISSUED, AND NEITHER RECEIPT OR POSSESSION THEREOF CONFERS OR TRANSFERS ANY RIGHT TO, OR LICENSE TO, USE THE SUBJECT MATTER OF THIS DRAWING OR ANY TECHNICAL INFORMATION SHOWN THEREON, NOR ANY RIGHT TO REPRODUCE THIS DRAWING OR PART THEREOF, WITHOUT THE WRITTEN AUTHORIZATION OF C2K ARCHITECTURE INC.
SHEET TITLE:
SHEET NO.:
CITY STAMP
1645 NW HOYTPORTLAND OREGON 97209503 444 2200
ADDRESS:
OWNER:
PROJECT NO.:
DRAWN:
DATE:
REVISION: DESCRIPTION:
PRELIMINARY, NOT
FOR CONSTRUCTION
DR19-174
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M G.002PROJECT RENDERING
ENTIT
LEM
ENTS
MANSIONINN
700 16TH ST.Sacramento, CA 95814
MANSION APARTMENTSOWNER, LLC
18149
Author
25 OCTOBER 2019ENTITLEMENTS
H STREET UNIT ENTRY PERSPECTIVE
30 OCTOBER 2019ENTITLEMENTS
REPRODUCTION OF THIS DRAWING IS EXPRESSLY FORBIDDEN WITHOUT THE SPECIFIC WRITTEN PERMISSION OF C2K ARCHITECTURE INC. THIS DRAWING IS ONLY CONDITIONALLY ISSUED, AND NEITHER RECEIPT OR POSSESSION THEREOF CONFERS OR TRANSFERS ANY RIGHT TO, OR LICENSE TO, USE THE SUBJECT MATTER OF THIS DRAWING OR ANY TECHNICAL INFORMATION SHOWN THEREON, NOR ANY RIGHT TO REPRODUCE THIS DRAWING OR PART THEREOF, WITHOUT THE WRITTEN AUTHORIZATION OF C2K ARCHITECTURE INC.
SHEET TITLE:
SHEET NO.:
CITY STAMP
1645 NW HOYTPORTLAND OREGON 97209503 444 2200
ADDRESS:
OWNER:
PROJECT NO.:
DRAWN:
DATE:
REVISION: DESCRIPTION:
PRELIMINARY, NOT
FOR CONSTRUCTION
DR19-174
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M G.006MATERIALS / COLOR BOARD
ENTIT
LEM
ENTS
MANSIONINN
700 16TH ST.Sacramento, CA 95814
MANSION APARTMENTSOWNER, LLC
18149
Author
25 OCTOBER 2019ENTITLEMENTS
THIN BRICK - TYPE 1 OF 3 THIN BRICK - TYPE 2 OF 3 THIN BRICK - TYPE 3 OF 3
STUCCO PICKET RAILING BALCONIES POWDER COATED – BLACKWHITE
PACIFIC CLAY - CHARCOAL; TEXTURE: RAKEDPACIFIC CLAY - CHARCOAL; TEXTURE: SMOOTHPACIFIC CLAY - DARK IRON SPOT; TEXTURE: VELOUR
CUSTOM ENTRY DOORTEAK
CANOPY SOFFITSWOOD
GLASS RAILING BALCONIES POWDER COATED – BLACK
H STREET UNIT ENTRY PERSPECTIVELOBBY ENTRY PERSPECTIVE
30 OCTOBER 2019ENTITLEMENTS
UNLIMITEDPOSSIBILITIES
M
REPRODUCTION OF THIS DRAWING IS EXPRESSLY FORBIDDEN WITHOUT THE SPECIFIC WRITTEN PERMISSION OF C2K ARCHITECTURE INC. THIS DRAWING IS ONLY CONDITIONALLY ISSUED, AND NEITHER RECEIPT OR POSSESSION THEREOF CONFERS OR TRANSFERS ANY RIGHT TO, OR LICENSE TO, USE THE SUBJECT MATTER OF THIS DRAWING OR ANY TECHNICAL INFORMATION SHOWN THEREON, NOR ANY RIGHT TO REPRODUCE THIS DRAWING OR PART THEREOF, WITHOUT THE WRITTEN AUTHORIZATION OF C2K ARCHITECTURE INC.
SHEET TITLE:
SHEET NO.:
CITY STAMP
1645 NW HOYTPORTLAND OREGON 97209503 444 2200
ADDRESS:
OWNER:
PROJECT NO.:
DRAWN:
DATE:
REVISION: DESCRIPTION:
PRELIMINARY, NOT
FOR CONSTRUCTION
DR19-174
C:\R
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Loca
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M G.001PROJECT RENDERING
ENTIT
LEM
ENTS
MANSIONINN
700 16TH ST.Sacramento, CA 95814
MANSION APARTMENTSOWNER, LLC
18149
Author
25 OCTOBER 2019ENTITLEMENTS
15TH & H STREET CORNER PERSPECTIVE
30 OCTOBER 2019ENTITLEMENTS
S e c t i o n O n e : T he P r op e r t y
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S e c t i o n O n e : T he P r op e r t y
Location: 1517 H Street, Sacramento CA 95814
Building Size: Residential Units: 186
- 30 Studios
- 93 One-bedrooms
- 55 Two-bedrooms
- 8 Three-bedrooms
Retail Space: ± 3,023 SF (1,505 - 1,518 SF)
Power: 200 Amp, 3-phase
Hoodshaft: Available
Greasetrap: Available
Gas: Available
Parking: Available
Bike Parking: Available
Metering: Separately Metered
Delivery Date: Spring 2022
Retail Lease Rate: $3.25 per SF NNN
PROPERTY DETAILS
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odeto thepast
BOLD | AUTHENTIC | NOSTALgic
D E S I G N
Section Two: The Location
Midtown Sacramento is the perfect fusion of suc-
cessful 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 oc-
cupations 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 desti-
nation. 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.
The property sits in the middle of numerous infill
commercial and mixed-use development projects
are well under development along the 16th Street
corridor.
BUILDING LOCATION
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100+1 6BLOCKS FROM THE CAPITOLBLOCK FROM MEMORIAL AUDITORIUM NEARBY AMENITIES
Mural by Jolene Russell in H16 Next Door
M
Midtown Mural by Shaun Burner and Miguel Perez
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MSection Two: The Location
THE MANSION HAS A CENTRAL LOCATION ACROSS THE STREET FROM THE HISTORIC GOVERNOR’S MANSION, BROADWAY AT MUSIC CIRCUS, & SACRAMENTO THEATRE COMPANY
ALKALI FLAT
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Section Two: The Location
I
19th
F
Ice Blocks1430 Q
HHS Dept. Building
EvivaSac Comm. Theatre
Conv. Center Dev.
19J
CrepevilleBuckhorn Grill
Broderick RoadhouseZocalo
58 DegreesFieldwork Brewing
Sibling by Pushkin’sBig Stump Brewing
Preethi Indian
Mikuni SushiPieology
Burgers & BrewPF ChangsBento BoxStation 16
Petra GreekSqueezeburger
DeVeres
Sampino’s16th Street Donuts
Taqueria Jalisco
The Eleanor
16th
Old Soul WeatherstoneMoxie
New Roma Bakery
Shine Cafe
Aura Japanese BBQ
The Melting PotChando’s CantinaCapital Hop Shop
Republic Bar & GrillGoodside Coffee
Bear Dive
The MillAt Ease Brewing
LowBrauSleek Wax Bar
Pizzeria UrbanoAzul Mexican
State DGS Tower
Mansion
H
Lavender Courtyard
H16
Tank HouseKiki’s
Old Spaghetti FactoryStarbucks
MGolden 1 Center
DOCOKimpton Sawyer Hotel
State Capitol
BevMo!Target
Goldfield Trading PostCookies
Streets PubLeave Your Mark
CVSSawasdee Thai
Propagate
Broadway atMusic Circus
Governor’s Mansion
Memorial Auditorium
Mansion has one of the finest locations in the highly-desirable midtown submarket of Sacramento and is within easy walking distance of virtually every significant landmark in Sacramento’s urban core:
POPULAR RESTAURANTS NEAR MANSION (NOT ALL ARE MENTIONED HERE):
58 Degrees & Holding Co.Ace of SpadesAioli Bodega EspanolaAmaro Italian Bistro & BarArt of ToysAzul MexicanBadlandsBar WestBento BoxBevMoBike DogBottle & BarlowBroderick MidtownBuckhorn GrillBurger PatchBurgers and BrewCafe BernardoCantina AlleyCentro Cocina MexicanaChipotleCornerstone
CrepevilleDarling AviaryDer BiergartenEatuscany CafeElixir Bar & GrillFacesFederalist Public HouseFieldwork Brewing Co.FishFace Poke BarFit EatsFox & Goose Public HouseFrank Fat’sGinger Elizabeth ChocolatesGrangeHighwaterI Love TeriyakiIdentity CoffeeIron Horse TavernJack’s Urban EatsJamie’s Broadway GrillKarma Brew
Kojac KitchenKru JapaneseKupros Craft HouseLowbrauLove ChildLuccaLuna’s Cafe & Juice BarMango’s/BurgertownMake FishMassulo PizzaMercantile SaloonMetro Kitchen & DrinkeryMidiCi Neapolitan PizzaMikuni SushiMonkey BarMorgan’s MillMulvaney’s B&LN Street CafeNekterNidoOld Soul Coffee
Pachamama Coffee CoopPaesano’sParagary’sPizzeria UrbanoPortofino’sPress BistroPronto PizzaPushkin’s BakeryQ Street Bar & GrillR15Red RabbitRick’s Dessert DinerRiverside ClubhouseRoxie Deli and BarbecueRuhstallerSakamotoSauced BBQ & SpiritsSee’s CandiesSelland’sShady LadyShoki Ramen House
Squeeze InnSun & Soil JuiceTank House BBQTapa the WorldTea Cup CafeTemple CoffeeThai BasilThai CanteenThe Golden BearThe Mill Coffee HouseThe PorchThe RindThe WaterboyTres HermanasUncle Vito’s PizzaUniversity of BeerVic’s Ice CreamWaffle Square Country KitchenYogurt a GoGoZelda’s PizzaZocalo
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NEARBY AMENITIES
SOUTHSIDE PARK
STATE CAPITOL
ROOSEVELT PARKSUTTER’S FORT
WINN PARK
TRUITT BARK PARKFREMONT PARK
16TH
P
20TH
L
GOLDEN 1 CENTER Mansion
Section Two: The Location
JOHN MUIR PARK
GRANT PARK
STANFORD PARK
SUTTER’S LANDING
MARSHALL PARK
M
thiscity's
radMidtown Sacramento is dense, vibrant,
and open late. As the city’s cultural
epicenter, it attracts art, experiences,
and excitement!
Section Two: The Location
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While the Golden 1 Center has expedited urban
renovation on the K Street Grid, the renaissance of
Sacramento’s urban sectors surrounding the K Street
Grid has been underway for several years now. Res-
idential migration to the higher density urban cores
is a phenomenon easily recognizable in Tier 1 popu-
lation centers like New York, Chicago, Philadelphia,
and in California, Los Angeles, San Francisco and
San Diego. This same pattern is now beginning in
Tier 2 population centers like Portland, Denver, San
Antonio and Sacramento.
The urban core of Sacramento (Downtown and Mid-
town) is the most desirable business location the
Sacramento region and easily boasts the lowest
combined commercial vacancy rate, hovering be-
tween 5 – 8%. This figure is impressive when factor-
ing in many buildings marketed as “available” that
are functionally obsolete and non-compliant. The ur-
SACRAMENTO
CA L IFORN I A’S FA S T ES T- GROW IN G ME T RO P OL I TA N
215+15.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTS
ban core is the perfect fusion of multi-generational
locally owned business, organic youth infused retail
and services, a healthy dose of carefully selected
national and regional retailers, the best restaurants
east of the Bay Bridge, an eclectic mix of high-end
demographic occupations all magically embedded in
a landscape of unique older buildings and mature
trees and flora.
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Section Three: Sacramento MTHERE’S A REASON EVERYONE IS
COMING HERE.
#1 in the U.S. for net migration
#1 Happiest workers in midsized cities
#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 Least Stressed-out cities
#14 America’s coolest cities
#16 Best cities for millennials
SACRAMENTO’S CITY RANKINGS:
SACRAMENTO DATA BITESUrban Sacramento is the perfect blend of carefully curated local and national retail embedded in a landscape of unique older buildings, mature trees, and a burgeoning mural scene. Business owners, residents, and investors near and far have flocked to the center of Sacramento’s art, music, and cultural scene to cash in on this fruitful submarket. Residential migration to Sacramento has been increasing with over 70,000 relocating in 2019. In July 2020, Sacramento was the most popular migration destination in the U.S, with more than half of home searches coming from buyers outside of the area (Redfin). Attracted by the affordability of real estate, lower cost of living and booming Downtown, many have found that Sacramento is an ideal location to achieve a turnkey live-work-play lifestyle. Sacramento has strong fundamentals for a retailer to tap into and leave their mark.
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Section Three: Sacramento
$1,838 AVERAGE RENT PER MONTH INSACRAMENTO
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2020 HOUSEHOLD INCOME - ONE MILE RADIUS OF PROPERTY:
Over $150,000 - 13%$125,000 - $150,000 - 5%
$100,000 - $125,000 - 9%$75,000 - $100,000 - 11%
$50,000 - $75,000 - 17%Under $50,000 - 44%
EDUCATION ATTAINMENT WITHIN ONE MILE RADIUS OF THE PROPERTY:
ANNUAL CONSUMER SPENDING WITHIN A ONE MILE RADIUS OF THE PROPERTY:
Entertainment
Eateries/alc.
Transport
Health & ed.
Household
$20 $40 $60 $80*Numbers in millions$0
*Based on data from Costar 2021
POPULATION BY AGE WITHIN ONE MILE OF PROPERTY
<19 20-24 25-34
4K
0.8K
5.7K
7% Associate
WALKSCORE:
93
BIKESCORE:
99
TRANSITSCORE:
62
29% Bachelor
10% Some HS
17% Advanced
12% HS Graduate
25% Some College
35-44
5.2K
45-54
3.1K
55-64
2.8K
65-84
2.8K
85+
.4K
Art - Subtile by Federico Díaz
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Section Four: Floor Plans
FLOOR PLANS
M
1 BR - B17105
1 BR - B5104
1 BR - B1-B103
STUDIO -A1-D102
RETAILR101
2 BR - C7-A140
1 BR - B4139
2 BR - C5-A138
FITNESS146
FITNESS146
LOBBY141
LOBBY141
BIKE151
2 BR - C4-B108
STUDIO -A1-A107
1 BR - B1-B109
TRASH164
MAINT168
2 BR - C4-B114
1 BR - B12113
1 BR - B12112
2 BR - C4117
2 BR - C9-A116
STUDIO -A2118
STUDIO -A2119
1 BR - B6126
1 BR - B1125
STUDIO -A1-B124
1 BR - B1123
LOUNGE142
MAIL152
KITCHENETTE148
1 BR LOFT- B15-A
111
2 BR - C10127
STUDIO -A1-B128
1 BR - B1-B129
1 BR - B11130
RETAILR102
CHUTEROOM
160
ELEC173
POOLEQUIPP102
STORAGEP103ELEC
171
H ST
15TH
ST
16TH
ST
REPRODUCTION OF THIS DRAWING IS EXPRESSLY FORBIDDEN WITHOUT THE SPECIFIC WRITTEN PERMISSION OF C2K ARCHITECTURE INC. THIS DRAWING IS ONLY CONDITIONALLY ISSUED, AND NEITHER RECEIPT OR POSSESSION THEREOF CONFERS OR TRANSFERS ANY RIGHT TO, OR LICENSE TO, USE THE SUBJECT MATTER OF THIS DRAWING OR ANY TECHNICAL INFORMATION SHOWN THEREON, NOR ANY RIGHT TO REPRODUCE THIS DRAWING OR PART THEREOF, WITHOUT THE WRITTEN AUTHORIZATION OF C2K ARCHITECTURE INC.
SHEET TITLE:
SHEET NO.:
CITY STAMP
1645 NW HOYTPORTLAND OREGON 97209503 444 2200
ADDRESS:
OWNER:
PROJECT NO.:
DRAWN:
DATE:
REVISION: DESCRIPTION:
PRELIMINARY, NOT
FOR CONSTRUCTION
DR19-174
C:\R
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MANSIONINN
1517 H ST.Sacramento, CA 95814
MANSION APARTMENTSOWNER, LLC
18149
Author
14 AUGUST 2020BUILDING PERMIT DOCUMENTS
1/16" = 1'-0"X0201 FLOOR PLAN - LEVEL 1
± 1,505 - 1,518 SF HIGHLY VISIBLE CORNER RETAIL SPACE FOR LE ASE
H STREET
15TH
STR
EET
9,825 Cars per Day
8,00
3 Ca
rs p
er D
ay 16
TH STREET22,535 Cars per Day
2131 CAPITOL AVENUE, STE 100 SACRAMENTO, CA 95816
916.573.3300 TURTONCOM.COM
© 2021 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.
PATRICK STELMACHSENIOR DIRECTOR - LIC. [email protected]
SCOTT KINGSTONVICE PRESIDENT - LIC. 01485640916.573.3309SCOT [email protected]
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M