Apartments For Sale
59,291 Sq Ft
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.