The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 11, 2017
 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?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
State Compensation Insurance Fund Buys 117k sf Office Building in Sacramento

11/16/17

State Compensation Insurance Fund has purchased Crown Corporate Center IV, a four-story, 117.4k sf Class A office building in Sacramento. It was sold by was sold by Rar2 Gateway Oaks CA Inc. The price was not disclosed.

The property is located at 2860 Gateway Oaks Dr, in the southwest quadrant at the intersection I-80 and I-5. Built in 2003, the office building has a prestigious tenant mix with the University of Phoenix as the major tenant.

Dan Chamberlain with NKF represented the seller in the transaction. The buyer was repped by JLLs Kevin Mechelke and Clyde Rawlings.

The acquisition was an owner-user play with the building uniquely meeting the buyers criteria for location, size, quality, occupancy level and space available, said Chamberlain.

According to NKFs Sacramento 3Q17 Market Report, the Sacramento office market maintained strong momentum through the first three quarters of 2017, posting over 260k sf of net absorption in the third quarter. Investors continue to acquire office product in the region, taking advantage of relatively low prices for all product types.




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 © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media