720 9th St - Office FOR SALE


Sacramento, CA 95814- Cesar Chavez Park
$13,600,000 USD
916-505-0524
720 9th St, Sacramento, CA for Sale
$13,600,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

720 9th St
Sacramento, CA 95814
Cesar Chavez Park


HIGHLIGHTS

  • Iconic Downtown Sacramento property with stunning redevelopment potential
  • Superb location in the heart of the Central Business District
  • Proximate to City, County and Federal offices and all major freeways
  • Surrounded by abundant restaurant and entertainment options and some of Sacramento’s best housing stock
  • ±2.5-acre site is unusual for its size, rectangular configuration and level topography
  • One floor of subterranean parking

OVERVIEW

CBRE is pleased to offer for sale a ±470,000 square foot, six story courthouse building on a prime ±2.5 acre site in the heart of Sacramento’s Central Business District. The property is zoned OB-SPD (Office Building Central City Special Planning District) and is improved with a six story courthouse facility whose occupants will shortly vacate the same in favor of the newly constructed Tani G. Cantil-Sakauye Sacramento County Courthouse located a few blocks away at 500 G Street. Full occupancy of the new facility is scheduled for the end of April, 2026. The site is proximate to California’s State Capitol Building, Downtown Commons and the Golden One Center which puts it within walking distance of every major downtown Sacramento office building, most State office buildings and an array of shopping and dining venues. The location is convenient to The Railyards, a 244 acre urban infill mixed-use development immediately to the north, all area freeways and abundant public transportation. If the building looks familiar to you there is an excellent reason for that as it featured prominently in Paul Thomas Anderson’s Oscar-winning movie “One Battle After Another” starring Leonardo DiCaprio, Teyana Taylor, Sean Penn and Benicio Del Toro, among other notables. Expressions of interest should be directed to Randy Getz whose contact information can be found on the back cover of the offering memorandum.

FOR SALE DETAILS

PRICE

$13,600,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gordon D. Schaber Sacramento Courthouse

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

OB-SPD

APN/PARCEL ID

002-0145-026

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.