scott kingston - turton com

SCOTT KINGSTONVICE PRESIDENTD.R.E. LIC. 01485640916.612.5314SCOT [email protected]

AARON MARCHANDVICE PRESIDENTD.R.E. LIC. 01711650916.573.3305A [email protected]

PATRICK STELMACHDIRECTORD.R.E. LIC. [email protected]

Section One: The Property

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THE CANNERY6,465 3 98

S.F. OF SPACE AVAILABLE SPACES LEFT PERCENT LEASED

O N E A W E S O M E U R B A N E X P E R I E N C E

THE MODERN AND HISTORIC HEART OF SACRAMENTO’S CO-WORKING, ENGINEERING, DESIGN, AND MEDICAL

The Cannery is one of Sacramento’s most distinct and

prominent office leasing opportunities in the City of Sac-

ramento. Encompassing an entire city block in the rapid-

ly improving Alhambra Corridor the 275,363 square-foot

masonry two story building will attract local, regional,

and national tenants as a result of its ideal location to

the freeway systems and the close proximity to the ame-

nities of the very active Midtown submarket.

The Cannery offering expansive open floor plates of brick,

concrete, and glass with possible 18 foot ceilings, sky-

lights, and within close proximity to the best restaurant

and entertainment venues in the urban core. The market

is waiting to be truly exposed to Sacramento’s exciting

urban office opportunity.

SECTORS

THE PROPERTYSection One: The Property

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N Approximately 275,363 SF totalN 6,465 SF available for leaseN Brick exterior N Masonry construction N Mix of flat and saw tooth roof with skylightsN 700 On-site parking stalls available N On-site fitness center with indoor pool (Cal Fit)N On-site showers and lockersN On-site bike storage available N High ceiling options with exposed HVAC N ADA restroom cores in place

HISTORIC ARCHITECTURE REIMAGINED: THE CANNERY IS THE LARGEST OFFICE

CAMPUS IN THE URBAN CORE

PROPERTY FEATURES

“Our team loves seeing Fulcrum’s continued

investment in the property. We are so

excited to see what comes next!”

Valerie Hoffman / Principal, NORR

THE PROPERTYSection One: The Property

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REMARKABLE FEATURES AND BEST IN CLASS DESIGN THAT ATTRACTS SUPERIOR TALENT AND CULTIVATES A DISTINCT COMPANY CULTURE

“the cannery is the perfect canvas on which

we were able to express our architecture

and engineering capabilities.”

Dean Albright / Manager of Operations, NORR

SACRAMENTO

CALIFORNIA’S FASTEST-GROWING METROPOLITAN AREA

The word “renaissance” is often overused and

inappropriate to describe economic improvement

in the urban core of cities throughout the Unit-

ed States. However, that’s not the case for Sac-

ramento. Since the formal approval to construct

Golden 1 Center, the floodgates have figuratively

opened to the urban migration of retailers, busi-

nesses and residents. Huge chunks of the urban

core have been revamped, with more redevelop-

ment currently underway. New projects surround-

ing the property, namely the Downtown Commons

and The Railyards, are contributing to this an

215+15.3 MILLION 71,335DAYTIME EMPLOYEESANNUAL REGIONAL VISITORS BARS / RESTAURANTS

exciting time for the city. In California, nowhere

is the word “renaissance” more applicable and

demonstrable than in Downtown Sacramento, and

730 I Street is situated in the middle of every-

thing.

1 4

THERE’S A REASON EVERYONE IS COMING HERE.

Sect ion Two: The C i t y

Sacramento is the Capitol of California, the sixth

largest economy in the world. While perhaps not

considered as sexy as many of the tourism-based

cities in California such as San Francisco, Los An-

geles and San Diego, being the hub of California’s

governmental structure provides an incredible

amount of economic stability throughout the re-

gion. In addition, Sacramento is being increasing-

ly recognized as an outdoor enthusiast’s dream

city with its remarkably central location to Lake

Tahoe, the Sierra’s, Yosemite and the Coast.

In a recent study completed by WalletHub for Na-

tional Nutrition Month, Sacramento was ranked

the 5th healthiest city in the United States among

100 large cities (ranking higher than the likes of

Denver, Colorado Springs, San Francisco, Port-

land, Austin, San Antonio and Seattle). Forbes

magazine ranked Sacramento as the 10th health-

iest city in the United States versus all cities. A

big part of this recognition stems from the cities’

proximity to the American River. Hiking trails and

white-water rafting abound along the American

River as well as one of Sacramento’s crown jew-

els... the 32 mile American River Bike Trail which

runs entirely along the river from Beal’s State

Park to Discovery Park where it conjoins with the

Sacramento River to Old Sacramento on the river-

front (only 13 blocks from the Subject Property).

Located only 85 miles east of San Francisco, Sac-

ramento enjoys easy, unfettered access to all of

the entertainment amenities provided by the ro-

bust Bay Area as well as the entire Northern Cali-

fornia region, for about 60% of the cost.

Blessed with a consistent climate featuring over

300 days of sun on average throughout the year,

the region is located at the Northern portion the

Central Valley which produces more agriculture

than any other valley in the United States. This

unique combination of soil, water and tempera-

ture in coordination with Sacramento’s solid,

highly reliable economic base to create the per-

fect combination of variables to truly make Sacra-

mento the “farm-to-fork” capitol of the world. No

one on earth, as a whole, eats fresher food than

Sacramentans. And if you want to select the per-

fect wine to compliment your meal you are a mere

60 minutes from arguably the finest wine region

in the world. On any given day it is actually faster

(not closer) to get to downtown Napa from down-

town Sacramento than downtown San Francisco.

Ten minutes from downtown Sacramento is the

University of California at Davis, acknowledged

as one of, if not, the finest agricultural institu-

tions in America and home to the Mondavi Center,

a $10M performance art center donated by the

Mondavi Family who also maintain a close rela-

tionship with Davis’ renown Vinology department.

In addition to the State Government, Sacramento

features a number of larger locally based employ-

ers including Vision Service Plan, Blue Diamond

Almond Growers (located on 16th Street), Raley’s,

Sutter Health, Dignity Health, Kaiser Permanente,

UC Davis Medical Center, McClatchy as well as

California Public Employees Retirement System

and California State Teachers Employee Retire-

ment System - two of the largest pension funds in

the world. Regional employers with large presence

in Sacramento include AT & T, Wells Fargo, Intel,

Apple, AAA and Tesla.

Employment growth in Sacramento has large-

ly outpaced the national average since 2012.

Professional and business services, as well as

leisure and hospitality, have been among the

strongest growth sectors in this cycle, but edu-

cation and health services, sector has been the

largest contributor to job growth since the bottom

of the economic downturn. Total employment in

this sector is nearly 25% above its prerecession

peak. Local hospitals have noted that, as of May

2017, thousands of medical positions remain un-

filled due to the lack of skilled talent in the metro.

Within the professional and business services

sector, administrative and support jobs have ben-

efitted, because the metro’s low business costs

attract firms with back-office operations. Con-

tinued growth is expected in the state and local

government sectors. Sacramento has the highest

share of public sector employment in the country

(approximately 25%) ahead of even that of Wash-

ington D.C.

A CLOSER LOOK AT THE CITY

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Sacramento is the country’s farm to fork capital, has world class coffee, and sports a huge river parkway perfect for

running, riding, and hiking. The city is a short drive from Lake Tahoe, the Napa Valley, and San Francisco.

THIS

CITY

ROCKS

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#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 Lease Stressed-out cities

#14 America’s coolest cities

#16 Best cities for millennials

SACRAMENTO’S CITY RANKINGS

SACRAMENTO REGION ANNUAL SALARY BREAKDOWN:

Over $100,000 - 17%$75,000 - $100,000 - 11%

$60,000 - $75,000 - 10%$40,000 - $60,000 - 18%

$30,000 - $40,000 - 12%Under $30,000 - 32%

LARGEST EMPLOYMENT INDUSTRIES WITHIN 1 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 millions0

*Based on data from 2012

NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:

1 MILE 2 3

97,075

131,818

182,867

48% Public Admin. & Sales

17% Science & Tech.

4% Information

5% Healthcare & Social

7% Hospitality & Food

19% Other

SACRAMENTO OFFICE VACANCY:

2016 2017 2018 20199%

10%

11%

12%

13%

14%

WALKSCORE:

93BIKE

SCORE:

98TRANSITSCORE:

53

SACRAMENTO DATA BITESSacramento’s relative affordability versus amenities remains one of its biggest draws. Population growth is expected

to average about 1% (20,000 annually for the region) over the next five years and is expected to outpace the national

average. Household growth continues to far outpace the rate of single-family and apartment deliveries. In recent years,

Bay Area residents have flocked to Sacramento to escape exorbitant housing costs.

2 0


Section Three: The Location

THE CANNERY

SACYARD TAPHOUSE

TRADEWINDS CAFE

1 2

OPTIONS SURROUND THE CANNERY AND ARE ONLY A SHORT WALK AWAY

DOZENS OF FOOD, DRINK, FITNESS, ENTERTAINMENT, AND TRANSPORT

CANON

CORIANDER VIET.

AERIAL VIEWST

OC

KTO

N B

LVD

P STREET

ALHA MBR A BLVD

SAC FOOD CO-OPTEMPLE COFFEE

REVOLUTION WINESPUSHKINS BAKERY

LIGHT RAIL LINE

STARBUCKS

KRU JAPANESEOBO’

SUZIE BURGERMIDTOWN SUSHI

INK EATSPARAGARY’SSTARBUCKS

JIMBOYS TACOS

CAFE CAPRICIO33RD ST BISTRO

BIBA’SSAFEWAY

LA FIESTA TAQUERIAMAYFLOWER CHINESE

CAFE MOROCCO

LIGHT RAIL STOP

300 STEPS

550 STEPS

800 STEPSHAWKS

JAMBA JUICE

Situated in Midtown near two major freeways and a Light Rail stop, tenants of The Cannery enjoys easy acess to every corner of the city.

NEARBY AMENITIES

POPULAR RESTAURANTS NEAR THE CANNERY (NOT ALL ARE MENTIONED HERE):

58 Degrees & Holding Co.

Ace of Spades

Aioli Bodega Espanola

Amaro Italion Bistro & Bar

Art of Toys

At Ease Brewing

Azul Mexican

Badlands

Bar West

Bawk Fried Chicken

Beast + Bounty

Bento Box

BevMo

Block Butcher Bar

Bottle and Barlow

Broderick Midtown

Buckhorn Grill

Burgers and Brew

Camelia Coffee Roasters

Cantina Alley

Centro Cocina Mexicana

Chipotle

Cornerstone

Crepeville

Der Biergarten

Drunken Noodle

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

Insight Coffee

Iron Horse Tavern

Jack’s Urabn Eats

Karma Brew

Kru Japanese

Bombay Bar & Grill

Kupros Craft House

LowBrau Bier Hall

Lucca

Luna’s Cafe & Juice Bar

Magpie Cafe

Mango’s/Burgertown

Mas Taco

Mercantile Saloon

Midtown Sushi

Mikuni Sushi

Mulvaney’s B&L

N Street Cafe

Nekter

Nishiki Sushi

Old Soul Coffee

Orchid Thai

Pachhamama Coffee Coop

Paesano’s

Paragary’s

Pizzeria Urbano

Press Bistro

Pronto Pizza

Pushkin’s Bakery

Q Street Bar & Grill

R15

Red Rabbit

Rick’s Dessert Diner

Roxie Deli and Barbeque

Sakamoto

See’s Candies

Shady Lady

Shoki Ramen House

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

SOUTHSIDE PARK

SUTTER’S FORT

Section Three: The Location

1 4

WINN PARK

THE CANNERY

FREMONT PARK

CAPITOL PARK

MCKINLEY PARK

STOCKTO

N

P

ALH

AM

BRA

CAPITOL

FOLSOM

34TH

UC DAVIS MED CENTER

EAST SAC

TAHOE PARK

OAK PARKCURTIS PARK

MIDTOWN

THE EXPERIENCESection Four: The Experience

1 6

WORKING HERESEVERAL PLENTY COUNTLESS

OF GREAT LUNCH SPOTS IN THE AREACOOL MURALS NEARBY NEW FRIENDS TO BE MADE

A P L A C E Y O U R E M P L O Y E E S W I L L B R A G A B O U T W O R K I N G A T

The Cannery “Experience” is an integration of the cultur-

al and and aesthetic strengths that made Midtown and

East Sac desirable. In Midtown you

have walkable, tree lined streets filled with unique,

eclectic, locally owned retail shops infused with

an endless array of deli’s, cafés, watering holes,

and restaurants. This raw, authentic district embodies

Sacramento’s blue collar history now redefined as North-

ern California’s mostdesirable artist community along

with some of its best eateries and nightclubs. East Sac-

ramento provides an array of eateries with charming,

green suburbs iconic for their old craftsman-style cozi-

ness. The Cannery is perfectly situated between these

two environments.

COMING TO THE CANNERY MEANS JOINING A COMMUNITY OF FORWARD-

THINKING PROFESSIONALS

“As a designer I’m really affected by the environment I

work in. The space itself is so beautiful–filled with art,

natural light and historical architectural

details that I love.”

Rebecca Plumb / Owner, Studio Plumb

LIVE

WORK

PLAYWalk out the front door of your space to enjoy an espresso at temple, a spin class at Cal Fit, or endless food options

including the Sacramento Co-Op, Obo, Kru, and the Sacyard Taphouse.

1 8

Section Four: The Experience

Section Four: The Experience

2 0

A BOCCE BALL COURT AND FOOD TRUCK DINING AREA ARE AVAILABLE TO ALL TENANTS

Cannery

Suite Tenant SF1601-100 Urban Hive 13,2001601-110 VACANT *First Right Urban Hive* 7,9301601-200 Sequoia Surgical, Inc. 12,0321601-210 VACANT 7,4841631-100 NORR, LLC 6,6261631-110 VACANT *First Right NORR* 2,4181631-120 VACANT 6,1991631-130 Avaunt Ltd. 2,4241631-140 VACANT 1,6781631-200 UCD Health System-Cancer Reg 12,9141631-210 VACANT 3,0191631-220 Formational Environmental, LLC 5,1841651-100 MEPS - GSA 26,6151651-110 UCD Health System (phase 2) 48,6081651-120 VACANT 8,6601651-200 UCD Health System (phase 1) 34,5831667 VACANT 1,1821671 California Family Fitness 30,4181675-B US Health Works 6,3071675-E VACANT 2,5351675-F VACANT 2,9221675-G VACANT 763

2nd Floor

1st Floor

1631-J

1631-100

1601-1101601-100

1601-200

1601-210

1631-200

1631-120

1631-100

1631-140 1631-130

1631-1301601

1631

1651-100

1651-110/200

1651-120

16711675

B

1675G

1675F

1675- E

1667

Parking

2018

Section Five: The Layout

FLOOR PLANS

O P E N S P A C E S P R O V I D E T E N A N T S W I T H A B L A N K C A N V A S

2 1

CANNERY SITE PLAN:

3 1,885-2,647 UNLIMITEDS.F. AVAILABLEAVAILABLE SPACES POSSIBILITES SUITE 120

30 SFMVP

90 SFBBC

1,729 SFAMENITY AREA

219 SFMVP

LEGEND

AMENITY AREA

BBC

MVP

TENANT AREA

15 SFMVP

2,270 SF

574 SFBBC

415 SFBBC

414 SFBBC

88 SFMVP

424 SFBBC

SUITE 120

30 SFMVP

90 SFBBC


219 SFMVP

LEGEND

AMENITY AREA

BBC

MVP

TENANT AREA

15 SFMVP

2,270 SF

431 SFBBC

415 SFBBC

414 SFBBC

88 SFMVP

BOMA Measurement Plan March 28, 2017

BASE BUILDING CIRCULATION

MAJOR VERTICAL PENETRATION

SUITE 110

SUITE 100

SUITE 130SUITE 140

1631 Alhambra - Suite 110 Suite 110 Amenity Space Major Vertical Penetration

2,647 SF

SUITE 120

30 SFMVP

90 SFBBC


219 SFMVP

LEGEND

AMENITY AREA

BBC

MVP

TENANT AREA

15 SFMVP

1,658 SF

574 SFBBC

415 SFBBC

414 SFBBC

88 SFMVP

424 SFBBC

SUITE 120

30 SFMVP

90 SFBBC


219 SFMVP

LEGEND

AMENITY AREA

BBC

MVP

TENANT AREA

15 SFMVP

1,658 SF

SUITE 100SUITE 110

431 SFBBC

415 SFBBC

414 SFBBC

88 SFMVP

BOMA Measurement PlanMarch 28, 2017

BASE BUILDING CIRCULATION

MAJOR VERTICAL PENETRATION

SUITE 140 SUITE 130


1,933 SF

Section Five: The Layout


1,885 SF

PARKING & TRANSPORTGETTING HERE4 2 703

LIGHT RAIL STOPSMAJOR FREEWAYS PARKING STALLS

F R E T O V E R P A R K I N G I N T H E U R B A N C O R E N O M O R E

With four major freeway routes immediately accessible

and hundreds of on-site parking spots, The Cannery

sidesteps a common woe of businesses located in the

Urban Core. The two light rail stops nearby enable em-

ployees to commute from afar without the hassle of a car.

And, with the Midtown, East sacramento, Curtis Park,

Oak Park, and Tahoe park neighborhoods flanking all

sides, it’s reasonable to assume that many workers will

live close by and walk or bike to the office (making good

use of those new bike racks!)

Section Six: Parking & Transport

2 8

“Being here gives me the chance to work in a

high-end, professional workspace at an

approachable price point.”

Quynh Yamamoto / Associate at Urban Hive

BIKE

DRIVE

RIDE

Section Six: Parking & Transport

WALK

STOCKTON BLVD

ALH

AM

BR

A B

LVD

L IGHT R AIL LINE

P STREET

LIGHT RAIL STOP

PARKING

PARKING

BIKE PARKING

3 0

On top of being highly accessible, The Cannery provides three 150kw electric vehicle chargers onsite!

CHARGING STATIONS

Section Seven: Leasing Timeline

3 2

LEASING TIMELINE

PICTURED: THE URBAN HIVE’S SPACE BEFORE AND AFTER

FURNITURE, FIXTURES, TECHNOLOGY AND MOVE-IN - 2 WEEKSNEGOTIATE TERMS OF LEASE - 4 WEEKS

DEVELOP SPACE NEEDS - 2 WEEKS CREATE AND REFINE SPACE PLAN - 2 WEEKS APPROVE CONSTRUCTION DRAWINGS - 2 WEEKS

EXECUTE LEASE DOCUMENT - 4 WEEKS

CONSTRUCTION - 12 WEEKS

A V I S U A L I Z A T I O N O F T H E L E A S I N G P R O C E S S A H E A D

LEASING TIMELINE:

2409 L STREET, STE 200 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2018 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 Fulcrum Property (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 own-er, TCRE or any other respective affiliates, as to the accuracy or completeness of the infor-mation 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 inspections, to determine the condition of the Property and the existence of any potential hazardous material located at the site.

3 6

SCOTT KINGSTONVICE PRESIDENTD.R.E. LIC. 01485640916.612.5314SCOT [email protected]

AARON MARCHANDVICE PRESIDENTD.R.E. LIC. 01711650916.573.3305A [email protected]

PATRICK STELMACHDIRECTORD.R.E. LIC. [email protected]

scott kingston - turton com

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