6700 Freeport Blvd — Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Sacramento, CA 95822
  • Year built: 1979

Photos

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Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 6700 Freeport Blvd, a ±12,180-square-foot, two-story multi-tenant office building in Sacramento near the desirable Greenhaven/Pocket submarket and across from Sacramento Executive Airport and Bing Maloney golf course. Built in 1979 and currently demised into 17 flexible suites, the property serves a stable base of small professional, insurance, legal, and service tenants — a granular income profile that limits exposure to any single occupant. Offered at $1,380,000 (±$113 per square foot), the asset is priced below the average of recent comparable sales and well beneath replacement cost. The building is currently 60% leased to tenants on short-term leases with rents at least 15% below market. Providing a rare owner-user opportunity — a buyer can occupy a portion of the property while collecting income from in-place tenants to offset ownership costs, then absorb additional space as leases roll. For investors, the same dynamic drives value-add upside through lease-up and mark-to-market rent growth and pro-active management strategy. The offering is well positioned along Freeport Boulevard with direct access to Interstate 5, minutes from Downtown Sacramento, the property further benefits from its close proximity to the highly desirable Greenhaven/Pocket submarket, which boasts a current office vacancy rate of just 2.9%. This tight surrounding market underscores the strength of local tenant demand and reinforces the lease-up thesis. Ultimately, the offering provides a rare opportunity for an owner-user or astute investor to acquire a well-located Sacramento office asset at an attractive basis — combining durable in-place income today with clear upside through lease-up and repositioning in an improving office market. Investment Highlights: • Attractive Basis — Offered at $1,380,000 (±$113 per gross SF), priced below recent comparable sales and well below replacement cost. • Value-Add or Own

Market Context

This office in Sacramento, CA is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1979. Compare it against other office listings for sale in Sacramento, CA — view the full market.

As of Q2 2026, the Sacramento office market showed average asking rents near $25.80/SF/yr. Source: multiple brokerage reports, Q2 2026.

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