Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Sacramento Area Office/Retail Property Purchased for $225/sf by Private Investor


In a recent NoCal mixed-use, investment buy, a private investor paid $4.14 mil for an 18.4k sf ($225/sf) office/retail property located at 110 Gateway in Lincoln, about 30 miles northeast of Sacramento. The property, situated within the 74.6k sf, mixed-use Lincoln Gateway center, sits at the corner of Lincoln Blvd and Gateway Dr, which is a direct entryway to downtown Lincoln, with excellent street frontage and visibility.

The property is currently 100% occupied with a mix of high-quality companies including Weight Watchers, Keller Williams, Beach Hut Deli and Blush Salon, among others. During its ownership, the seller, also a private investor, invested $150k in capital improvements, including both interior and exterior upgrades.

Robb Osborne with TRI Commercial and The Osborne Group represented the seller in the transaction.

“The City of Lincoln has experienced unprecedented growth and expansion over the last several years, which has generated an increased demand for commercial real estate in the area,” says Osborne, who notes that Lincoln recently posted a 10.8% growth in annual population and a 9.4% annual growth in workforce.

“Based on the city’s strong demographics and growing population, the housing market is expanding rapidly, providing the seller with an opportunity to transform this asset into a fully leased, stable investment that garnered interest from several buyers,” says Osborne.

During its ownership, the seller had The Osborne Group manage the leasing of this property. According to Osborne, the seller originally acquired this property as a value-add investment at only 50% occupancy. At that time, retail tenants were in place, however the office space on the second floor was unoccupied. They went on to sign leases with several local engineering, construction, and development firms, ultimately bringing the property to 100% leased in less than 12 months.

Return to the Archive 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 © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media