The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 12, 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
Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento


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 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