| Sacramento Area Res Community Trades in $33 Mil Deal
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit.
Sterling Pointe, located at 2237 and 2257 Hur...
| Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
| Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed.
The property was sold by HighBridge Prop...
| Investor Exchanges into Newly Constructed Dialysis Clinic in Modesto
A 1031 exchange investor has paid $6.1 mil for a newly constructed, 11.3k sf ($539/sf) outpatient dialysis clinic in Modesto, CA. The deal closed at a cap rate of 5.1%.
The outpatient clinic is located at 1328 Coffee Rd, ju...
| Shamrock Acquisitions Lands $69 Mil in Construction Money for Merced Housing Development
Shamrock Acquisitions LLC has obtained $68.75 mil in construction financing for an 885-bed student housing development in Merced, CA. The funding was provided by an affiliate of Mosaic Real Estate Credit (MREC).
| Grocery Outlet Store in Sacramento Sells for $4.6 Mil
Grocery Outlet, a 15.5k sf net-leased property located in Sacramento, sold for $4.65 mil ($300/sf). The lease is corporate guaranteed.
Grocery Outlet sits on a 26.8k sf lot at 2308 Del Paso Blvd. The store was constructed in...
| Sacramento Area Retail Center Purchased for $11 Mil by SoCal Investors
A 61k sf, triple-net retail property in Carmichael, CA was acquired by Diamond Developers LLC, a SoCal-based group of private investors, in an $11 mil ($180/sf) transaction. The property, Carmichael Center, is located at 7223...
| Stockton Dialysis Clinic Sells for $550/sf
An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%.
The outpatient clinic is located at 7500 West Lane and ...
| Local Group Buys Sacramento Center
Strawberry Creek, a 57.4k sf shopping center in Sacramento, has sold for $20.95 mil ($365/sf). The four-building property includes a vacant parcel that can be used for future development.
Shadow-anchored by a 133k sf Target...
| Sacramento-Area Office Property Sells for $23.7 Mil
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
| Bay Area Investor Pays $121.5k/Unit for Sacramento Multifamily Property
The Regency Apartments, a 130-unit community in Sacramento, sold for $15.8 mil ($121.5k/unit) after receiving multiple offers. The property, located at 5900 Riza Ave, was purchased by a private investor based in the Bay Area....
| Nazareth Enterprises Inc Spends $16.7 Mil on Sacramento Medical Office Property
Nazareth Enterprises Inc has purchased Sacramento Heart Medical Building, a 47.5k sf, Class A medical building in Sacramento, for $16.7 mil ($352/sf). Nazareth a privately-held, diversified investment firm, was founded by Mou...
| Historic Office Building in Sacramento Gets a New Owner
A 140.9k sf historic office building in Sacramento’s vibrant Government Affairs District has traded hands in a recent $20 mil ($142/sf) transaction. The building, located at 1130K St, a few blocks east of I-5, was sold by UC ...
| Pathfinder Partners Spends $29 Mil on Sacramento-Area Value-Add Res Buy
Rosemont Park, a 170-unit, Sacramento-area apartment community, was acquired by Pathfinder Partners for $28.8 mil, or $169.4k/unit. The property is located at 9190 Schmuckley Dr, near the center of downtown Rosemont.
| Investors Trade 112k sf Sacramento Area Office Building
A four-story, 112.5k sf Class A office property in Rancho Cordova traded hands in a recent transaction. The property is located at 2882 Prospect Park Drive, adjacent to Lincoln Hwy, about 15 miles east of downtown Sacramento....
| Two Sacramento Area Shopping Centers Trade Hands in Deals Totaling $24.6 Mil
Two shopping centers in the Sacramento area sold for a total consideration of $24.6 mil. The assets -- Currier Square Shopping Center in Oroville and Crossroads Shopping Center in Auburn -- were sold by Community Centers of A...
| Government Leased Building in the Sacramento Area Sells for almost $400/sf
A 17.5k sf, single-tenant office building in the Sacramento suburb of El Dorado Hills sold for $6.75 mil, or $386/sf. The government building, located at 5152 Hillsdale Circle, was constructed as a build-to-suit for the U.S. ...
| ColRich Buys 220-Unit Multifamily Property in Sacramento
In a Sacramento multifamily investment deal, ColRich paid $36.25 mil for The Luxe, a 220-unit ($165k/unit), 164.8k sf residential community. With this acquisition, ColRich now owns over 1,100 units in the Sacramento MSA.
| Quattro Development Acquires Two Sacramento Area Properties for Higher Ground
Quattro Development spent $4.49 mil for two properties totalling more than 16k sf ($280/sf) in the Sacramento suburb of Folsom. Higher Ground Education, a company dedicated to spreading high quality Montessori education, wil...
| 24Seven Enterprises Takes 400k sf of Distribution Space in Vacaville
24Seven Enterprises recently inked a long-term lease for 405k sf of warehouse/distribution space at North Bay Logistics Center in Vacaville, a NoCal city off I-80 roughly midway between San Francisco and Sacramento. 24Seven E...