1309 I Street

Description

Turton Commercial Real Estate is pleased to offer to the market, 1309-1315 I Street, a rare and well-located stand-alone office building in the heart of Downtown, just three blocks from the California State Capitol. The building's footprint is approximately 8,000 square feet on a combined 14,640 square foot parcel with nineteen (19) parking stalls. Perfect for an owner-user, the Property provides a new owner with rental income in place with two tenants; an association/lobbying group currently paying $11,213 per month on a full-service basis, with $0.05 per square foot annual increases, for 5,750 square feet, and four years remaining on their lease term. Additionally, the association/lobbying group currently pays $1,920 per month for twelve parking stalls. The law firm, a long-term tenant, currently pays $4,050 per month on a full-service basis, for 2,250 square feet, and is month-to-month. Additionally, the law firm currently pays $875 per month for seven parking stalls.