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For Sale Or for Lease Asking Price $2,460,150.00 ±9,833 SF Available±9,833

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For Sale Or for Lease Asking Price $2,460,150.00 ±9,833 SF Available±9,833 For Sale or For Lease Asking Price $2,460,150.00 ±9,833 Available SF 6313 Elvas Avenue, Sacramento, CA Former Crocker/Flanagan Ad Agency Building Open beam ceiling with large tresses and attractive finished exposed ducting Numerous architectural features throughout Freeway, Executive Housing and California State University, Sacramento - see amenities map Close proximity to many eateries and shops Flexible Uses Allowed (Office/Creative Office, Retail, Entertainment, etc.) 20 Parking Stalls and Permits HOWE BOUT ARDEN THE UV – 458 Howe Ave. 1 Safeway Capitol Beer & Tap Quest Diagnostics Room DryBar Zocolo Citibank Buckhorn BBQ ATT Aji Japanese Bistro EXPOSITION BLVD ARDEN WAY AAA The Organic Coup 2 Starbucks Poke Noke Pieology 2 HOWE BOUT ARDEN – 2100 Arden Way Century Theatres Starbucks Punchline Paul Mitchell The Wells Fargo School PAVILIONS LOEHMANN’S PLAZA CREAM Ahipoke Bowl Jamba Juice Nordstrom Rack Kura Sushi Bar The Container Store MOD pizza HomeGoods Pinkberry Yogurt Michaels HOWE AVE HOWE 3 LOEHMANN’S PLAZA - 2577 Fair Oaks Blvd. Savemart Chipotle PetFood Express Cookie Connection Bank of the West Grateful Bread Willo Aveda salon Nothing Bundt Cakes 5 3 Massage Envy Jamba Juice GNC Pinkberry FAIR OAKS BLVD 1 Boudin (SF Sourdough) Noah’s Bagels 4 Bath&BodyWorks Smashburger LYON VILLAGE Beach Hut Deli UPS Store THE UV 4 LYON VILLAGE - 2580 Fair Oaks Blvd. Miyagi Bar & Sushi Le Grand Peet’s Coffee Confectionary Wells Fargo Beyond Napa Grebitus & Sons Wine Merchants Jewelers Lyon Real Estate 5 PAVILIONS - 563 Pavilions Lane Ruth’s Chris Chico’s Steak House Soma Piatti’s Ristorante & Bar Wildwood Kitchen & Williams Sonoma Bar Café Bernardo 6 HOWE AVE HOWE 6 Panda Express SAFE Credit Union Taco Bell Game Stop McDonald’s Big O Tires Chipotle CVS FOLSOM BLVD El Amigo Trader Joe’s Save Mart Dollar Tree Office Depot Petco SACRAMENTO: THE CAPITAL OF THE 5TH LARGEST ECONOMY IN THE WORLD CALIFORNIA RANKINGS UNEMPLOYMENT RATE DIVERSITY Greater Sacramento: 3.1% 6th most diverse city in the U.S. » 5th Largest Economy in the World - United States Department of Labor - abc10 - USA Today » Growth Entrepreneurship: 14th » Startup Activity: 1st U.S. CITIES FOR STARTUPS TECH EMPLOYMENT 11th in the U.S. for Startups and 1st in the U.S. for Tech Employment » Main Street Entrepreneurship: 9th Entrepreneurs growth SACRAMENTO METRO - CommercialCafe - CommercialCafe RANKINGS » Growth Entrepreneurship: 30th - ECONOMIES OF THE 40 INCOME GROWTH Advanced 7 places since 2017. BIGGEST U.S. CITIES 1st in the U.S. for Wage Growth » Startup Activity: 20th 12th Healthiest Economy in the U.S. - CommercialCafe GDP growth rate: 4.0% » Main Street Entrepreneurship: 19th - Business Insider » Opportunity Share of New POPULATION Entrepreneurs: 80.2% #1 city in California for population growth » Rate of Startup Growth: 63.9% U.S. GROWTH CITIES - CA Department of Finance » Share of Scale-Ups: 1.6% Sacramento: 1st - U-Haul » High Growth Company Density: 55.1 MILLENNIAL MIGRATION - Kaufman - Startup Index 10 BEST CITIES FOR 3rd top city in the U.S. where Increasing costs of living and saturated Millennials are moving BUSINESS GRADUATES - SmartAsset.com competition are factors that have caused TO MOVE - 2018 top tech talent in cities like Dallas, Seattle Sacramento: 8th and San Francisco to relocate to other - move.org and business.org SAFEST CITIES destinations. Roseville, a suburb of the Sacramento region, is in the Top 20 Safest Cities in the U.S. 2018 TOP INNOVATION CITIES INDEX GLOBAL - Niche » 59th - Advanced 21 places since 2017 - B usiness Facilities Magazine - Economic Growth Potential Growth in Sacramento » Sacramento has 55% higher growth in workforce than the U.S. as a whole (2012-2017). » Sacramento has 33% higher growth in workforce than California as a whole (2012-2017). » Greater Sacramento has added 102,517 jobs over the last 5 years. » Sacramento is 96% less costly to live in on average compared to the Bay Area. CITIES MORE EXPENSIVE THAN SACRAMENTO 138% 103% 59% 48% 52% 13% 16% Denver Portland Oakland Los Angeles Seattle San Jose San Francisco Every year, approximately 137,000 people move to Greater Sacramento. Of the 238,000 people that leave the Bay Area each year, 27,000 move to the Greater Sacramento region. Net migration into Sacramento rose 45% from 2016 to 2017. - Greater Sacramento Economic Council (GSEC) 587.3K ATTENDEES 150+ THE FESTIVAL 265 DAYS OF GOLDEN 1 OF COLORS SUNNY 212 206 CENTER EVENTS WEATHER DAYS LOCAL VENDORS & ARTISTS OF EVENTS 24 17 LOCAL FARM-TO-FORK SACRAMENTO MUSEUMS BREWERIES FESTIVAL WHISKEY, WINE, AND SPIRITS FESTIVAL Running Races RUN FOR A SAFE HAVEN MY SISTER’S HOUSE 5K RUN TO FEED THE HUNGRY 5+ Rivers & Lakes URBAN COW HALF MARATHON PICNICS | ARCHERY | SWIMMING | RAFTING CHALLENGE FAILURE 5K AND 10K WALK/RUN FISHING | BOATING | CAMPING CALIFORNIA INTERNATIONAL MARATHON + 3,200 ACRES OF PARKS FLEET FEET HOLIDAY CLASSIC 5K RACE FOR THE CURE SACRAMENTO DOGGY DASH 150+ Miles Golf OF BIKE TRAILS 30+ GOLF COURSES | FOOTGOLF | TOPGOLF GOLF SUMMER CAMPS | JUNIOR GOLF CAMPS/LEAGUES Source: Park Websites and SDTP Sacramento vs Other Major Cities SAN LOS SACRAMENTO PORTLAND SEATTLE AUSTIN OKC MINNEAPOLIS FRANCISCO ANGELES Median Home Price $429,000 $430,000 $1,730,000 $630,000 $650,000 $332,000 $185,000 $310,000 Median Rent $1,461 $1,400 $3,404 $1,829 $2,256 $1,289 $773 $1,324 Median Household $67,902 $71,931 $101,714 $82,133 $65,950 $73,800 $56,260 $76,856 income Sales Tax 8.50% 0.00% 8.75% 9.60% 9.50% 8.25% 8.63% 6.88% Source: Redfin, Axiometrics 10,314 2% Roseville SINGLE FAMILY INCREASE FROM RANKED 16TH HOME SALES IN 2017 MEDIAN NATIONALLY FOR BEST 2019 YTD HOUSING PRICE PLACES TO BUY A HOUSE - WALLETHUB SACRAMENTO HOUSING MARKET Source: MLS Reports Master Plan Developments COMPANIES UNDER CONSTRUCTION TOTAL DELIVERIES + IN 2019 YTD INVESTING 10M SF IN SACRAMENTO Office + Retail 2M SF Industrial Multifamily Hospitality SECTION TITLE CapitolSHEET TITLE Mall SECTION TITLE SHEET TITLE IMAGE TITLE IMAGE SUBTITLE IMAGE TITLE IMAGE SUBTITLE 301 CAPITOL MALL TOWER 301 SKIDMORE, OWINGS & MERRILL LLP 28.02.2017 1 301 CAPITOL MALL The SKIDMORE,CIM OWINGS & MERRILL Group LLP has officially released development28.02.2017 2 plans for a mixed-use tower at 301 Capitol Mall with an expected delivery date of 2022. In a prime Downtown Sacramento location, the 33-story high-rise will offer 770,000 sq. ft. of premier office space, 102,000 sq. ft. of multi-family and 22,000 sq. ft. of retail. Source: Sacramento Business Journal Health The R Street Corridor Sector THE ICE BLOCKS Over 150,000 sq. ft. of multi-family, office, retail and more have been developed on a three-block stretch. Rich in amenities, The Ice Blocks has » Kaiser Permanente completed the purchase in become the most high-profile development of the R Street Corridor. 2018 of an 18-acre site in the Railyards and plans to HOTSPOTS open a $750 million medical In the neighborhood that used to be primarily historical buildings and center by 2023. warehouses, R Street has transformed into the new go-to in Sacramento. » Sutter Medical Center has Over $230 million of investments are contributing to the transformation expanded their services to of this area. Several projects taking place in the urban core include new a Midtown-based campus restaurants, fitness centers and apartments. Urban Roots Brewing & which includes one of the Smokehouse, for example, was redeveloped from an industrial building and most advanced facilities in is now one of the most popular spots in town. the nation. » UC Davis plans to develop a mixed-use facility called Downtown / Midtown Aggie Square that will have state-of-the-art research TRENDING: COWORKING facilities for health startups. The growing number of tenant requirements in the » Adventist Health has now region and limited supply of available space has led occupied their new $100 to increased popularity of agile leasing models that million headquarters in offer coworking space. Eight different operators Roseville. are active in over 300,000 sq. ft. in the Sacramento » California Northstate metro across 21 locations, while others are currently University announced plans establishing their presence in the market. Specifically to begin construction in in Downtown and Midtown, major operators 2019 for a 475,000 sq. like Spaces and WeWork have made their way to ft. medical center in Elk Grove which will produce Sacramento. Spaces at The Ice Blocks has initiated approximately 24,000 new their operations this year, while WeWork plans to jobs over the next 10 years. open at 400 Capitol Mall and 660 J Street in 2020 and 2021. THE ICE BLOCKS Q19 IRON HORSE TAVERN Source: Sacramento Business Journal 6313 Elvas Avenue, Sacramento, CA TONY WHITTAKER © 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Senior Vice President You should conduct a careful, independent investigation of the property and verify all Lic. 01780828 information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document + 1 916 492 6914 are the property of their respective owners, and the use of such logos does not imply [email protected] any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. PMStudio_August2019.
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