| Inverness Management LLC Buys Sacramento-Area Office Complex
Rocklin Corporate Center, a two-building, 220k sf office complex in Rocklin, was purchased by Inverness Management LLC. Rocklin is situated about 23 miles northeast of Sacramento. The price was not disclosed.
The Class A pro...
| Sacramento Affordable Housing Property Trades in $16 Mil Deal
Providence Place Apartments, a 292-unit multifamily property in Sacramento, traded hands in a recent $16 mil ($55k/unit) transaction. The asset, located at 5500 Mack Road, is a Section 42 affordable housing property.
| Sacramento Area Walgreens Sells for $740/sf
An Orange County based investor paid $10.95 mil for a 14.8k sf ($740/sf), single-tenant Walgreens in the Sacramento-area city of Citrus Heights. The property sold with with approximately 15 years remaining on the initial term...
| Commercial Real Estate Financing Briefs
GREYSTONE - Simon Herrmann, Todd Vitzthum, and Cody Field with Greystone has provided a $28.5 mil Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, CA. Located at 7826 Center Pkwy, Carmel Pointe is a gar...
| Demmon Partners Acquires 50-Unit Multifamily Property in Downtown Sacramento
Demmon Partners has acquired 16 Powerhouse, a 50-unit, Class A multifamily property in downtown Sacramento. Although we donít have the actual purchase price, we can tell you that the buy was funded with $15.92 mil in Fannie M...
| BKM Capital Partners Picks Up 122k sf Sacramento Industrial Property
BKM Capital Partners has acquired Expo Centre, a 122.3k sf, multi-tenant industrial business park near Cal Expo and downtown Sacramento, for $10.1 mil ($83/sf) in an off-market transaction. Occupancy at the property consists ...
| Meridian Acquires Stockton Property for Development of State-of-the-Art Medical Facility
Meridian has acquired a 7.5k sf building in Stockton, CA for $1.25 mil.
The building sits on 2.06 acres at 7500 West Lane, which is positioned directly across the street from Kaiser Permanenteís Stockton Medical Offices and...
| NoCal Investor Buys Walgreens-Anchored Retail Center in the Sacramento Area
Westlake Village, a 32k sf neighborhood shopping center anchored by Walgreens and Chase Bank in the Sacramento area was acquired by a family trust from San Franciscoís East Bay. The asset, located at 3501-3511 Del Paso Rd in ...
| Davis City Council Approves Plans for 130-Unit Student Housing Community
Lincoln40, a student housing project that HighBridge Properties plans to develop in Davis, CA, has received the unanimous approval of the Davis City Council. The city councilís decision, which follows the Davis Planning Commi...
| Single-Tenant NNN Property in Sacramento Sells in $7.9 Mil Deal Between Private Investors
A single-tenant, NNN absolute investment in Sacramento has sold for $7.9 mil. The asset, located at 9036 Calvine Rd, is occupied by Merryhill Schools.
Merryhill Schoolsí lease is guaranteed by Nobel Learning Communities In...
| NoCal Investor Pays $9.6 Mil for Turlock Hobby Lobby
A newly constructed, 55k sf Hobby Lobby in Turlock, CA sold for $9.57 mil ($174/sf). The building is located at 3701 Countryside Dr, and is adjacent to Monte Vista Crossing, an area with the largest concentration of retail de...
| Sacramento Area Hotel Financed with $8.7 Mil Loan
Gold Center Hotel has secured $8.7 mil in non-recourse financing for Fairfield Inn & Suites, a 104-room, limited-service hotel in Rancho Cordova, CA. The fixed-rate, permanent financing was provided by an international reinsu...
| S&P Company and Basin Street Properties Team Up in Sacramento Area Office Buy
S&P Company and Basin Street Properties have purchased Prospect Green, a Class A, 518.2k sf office campus in Rancho Cordova, a city within the Sacramento metro area. The five-building campus was acquired with a $44.5 mil seni...
| Watermarke Properties Secures $145 Mil in Financing on Four CA Multifamily Assets
Watermarke Properties Inc has obtained $145.68 mil in combined financing for four multi-housing properties totaling 930 units in various California locations.
The portfolio includes: Adagio on the Green, located at 26600 Oso...
| Barker Pacific Group and WHI Real Estate Partners L.P. Buy 214k sf Office Asset in Roseville
Barker Pacific Group (BPG) and WHI Real Estate Partners L.P. (WHIREP) have acquired Douglas Corporate Center, a 214k sf, Class A office property in Roseville. The purchase, said to be worth somewhere in the mid-$30 mil range ...
| Sacramento Retail Center Trades in $32 Mil Deal
Laguna Village, a 98% occupied, 120.9k sf community retail center in the North Laguna area of Sacramento, was purchased by a local investment entity in a $32.5 mil ($269/sf) transaction. The property is anchored by a 12-scree...
| NewMark Merrill Companies Picks Up 259k sf Retail Property in the Sacramento Area
NewMark Merrill Companies has acquired Madison Marketplace, a 259k sf shopping center located at the South-West Corner of Madison Ave and Hazel Ave in the CA city of Fair Oaks, about 15 miles northeast of Sacramento. The pric...
| State Compensation Insurance Fund Buys 117k sf Office Building in Sacramento
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.
| Oakmont Properties Boosts Portfolio with 270-Unit Sacramento Multifamily Property
San Rafael-based Oakmont Properties has purchased The Landing at College Square, a 270-unit, Class A apartment community in Sacramento. The asset was sold by USA Properties Fund for $59 mil ($219k/unit).
Located at 7640 Wes...
| Sacramento Multifamily Asset Traded in $34 Mil Transaction
Waterford Cove, a 188-unit, garden-style apartment community in Sacramento, was purchased by Bridge Partners in a recent $33.8 mil ($180k/unit) transaction. The buyer assumed an existing low-leverage loan and added a supplem...