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818 K St

Sacramento, CA 95814

 

Apartments For Sale  •  59,291 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 59,291 Sq Ft
  • Lot Size 0.22 ac
  • Building Class C
  • Year Built 2021
  • Zoning C3
70 Transit Score
94 Walk Score

Description

Global I.N. Inc. is proud to offer to a very select group of qualified investors the opportunity to acquire the Kress building, a world class asset and prime development in the heart of Downtown Sacramento. Built in 1931, and designed by architect John Fleming in a classic Art Deco motif, the Kress building is a beautiful six story structure with a striking granite and Terra Cotta exterior. As one of Sacramento’s very first “high rises”, the Kress Building was an important milestone in the city’s urbanization and prominent feature of the city’s skyline for decades. 

Ideal development options for this world class asset would be conversion to luxury lofts or high end Boutique Hotel.  

The rooftop space is ideal for a luxury penthouse as well as a rooftop restaurant venue with city-scape view.  

Resale value upon completion is in excess of $32 Million.  This project will yield exceptional return on investment at approximately 130%. Proforma available with complete Offering Memorandum.

Highlights

Dramatic city views
Architectural landmark
Listed in the Sacramento Register of Historic and Cultural Resources

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
St. Rose of Lima Park - 9th & K Transit Stop (Blue Line) 1 min 1 min 0.0 mi
St. Rose of Lima Park - 7th & K Transit Stop (Blue Line) 1 min 1 min 0.0 mi
Cathedral Square Transit Stop (Blue Line) - 3 min 0.2 mi
AirportDriveWalkDistance
Sacramento International Airport 11 min - 10.6 mi
Mike Wahba 415-312-7706 Global I. N. Inc.
Mike Wahba 415-312-7706 Global I. N. Inc.