The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 18, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento

9/13/18

Point West, a Class A portfolio comprising three office buildings totaling 345.8k sf in Sacramento, was acquired for $44.6 mil ($129/sf) by Basin Street Properties. The buildings are located at 1545 River Park Drive, 1601 Response Road, and 1610 Arden Way.

The portfolio is located in the highly desirable Point West submarket of Sacramento, in walking distance to world-class retailers along with direct access to the Capital City freeway. Called the Point West Portfolio, the portfolio is 78% occupied by a diverse tenant base including UBS, GSA, WestAmerica Bank and Covered CA.

Grant Lammersen, Steve Golubchik, Edmund Najera and Tyler Meyerdirk of NKF Capital Markets represented the seller, Hines, in the transaction. The acquisition was financed with a $36.6 mil senior loan provided by PCCP LLC.

“As downtown Sacramento’s renaissance and rent growth continues to displace rent-sensitive tenants, Point West is poised to continue receiving substantial inbound tenant migration,” said Lammersen.




Return to the previous page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media