Friday, May 13, 2016

Office Towers For Sale

As reported by the SacBee’s Bob Shallit, two office buildings on Capitol Mall are now on the market.  One of downtown’s newest office buildings, completed in 2008, known as the U.S. Bank Tower asking around $170 million for a 25-story 366,000 SF building. Located at 621 Capitol Mall, David Taylors property is said to be fully tenanted and was originally build for $132 million.

621 Capitol Mall, U.S. Bank Tower, Sacramento, CA

Another office on the market just down the street at 520 Capitol Mall is an eight-stories building with 82,401 SF and built in 1963 for $3 million. Updated in 2003, today they are asking $28.6 million.

520 Capitol Mall, Sacramento, CA

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