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• Sacramento Multifamily Property Sells for $17.9 Mil
10/03/23
Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, traded hands in a recent deal valued at $17.9 mil, or $179k/unit. Built in 1970, Rosemont Terrace is located at 3690 S Port Dr.
The property fea...
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• NoCal Warehouse Building Lands $30 Mil Refi Loan
9/29/23
Nearon Enterprises has secured $30 mil in refinancing for the Dixon Commerce Center, a 447k sf warehouse building in Dixon, a NoCal city roughly 25 miles southwest of Sacramento.
Located at 2299 Commerce Way, the building wa...
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• NoCal Vineyard Acquired by FarmTogether in a $3.2 Mil Deal
9/05/23
Hidden Oaks Vineyard in Clements, CA was recently purchased for $3.2 mil by FarmTogether Inc, a crowdfunding investment platform. Clements is situated about 45 miles southeast of Sacramento.
The 102-acre organic cabernet sau...
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• Newly Constructed Chipotle Mexican Grill in Sacramento Sells for $2,152/sf
8/16/23
A 2.3k sf, new construction single-tenant Chipotle Mexican Grill property in Sacramento’s North Natomas area sold for $4.95 mil ($2,152/sf). We’re told the deal came in at the highest price per square foot sale of a single-te...
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• Avanath Capital Management Closes $19 Mil Purchase of West Sacramento Affordable Senior Housing Community
6/26/23
Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable senior housing community located at 705 Dorothy Adamo Lane in West Sacramento, for a total consideration of $19 mil ($158k/unit) in an off-marke...
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• South Sacramento Multifamily Property Trades for $111k/Unit
5/03/23
Continental Terrace, a 142-unit multifamily property in South Sacramento, sold for $15.75 mil ($110.9k/unit). Located at 6915 Lewiston Way, Continental Terrace offers a mix of studio and one-bedroom floor plans ranging in siz...
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• Sacramento Industrial Market Showing Signs of Slowing
4/17/23
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Average asking lease rates are $0.80/SF.
• Direct vacancy rates increased YOY from 3.5% to 4.4%.
• Sales transactions decreased by 22.7% Y...
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• Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
3/07/23
A new construction, 4.8k sf two-tenant Chipotle Mexican Grill Drive-Thru pad at Freedom Point Plaza in Roseville sold for $4.045 mil ($843/sf). Freedom Point Plaza is anchored by TopGolf and Living Spaces.
The pad property,...
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• Solidigm Inks Lease for 170k sf in Rancho Cordova
3/03/23
Solidigm, a leading global semiconductor company, has signed a 170k sf lease at White Rock Corporate Campus, a five-building, suburban office property in the Highway 50 Corridor in Rancho Cordova. The location will serve as S...
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• Sacramento Area Office Building Sells for Over $10 Mil
2/10/23
A 69.4k sf office building in Rocklin, CA traded for $10.24 mil, or $148/sf. The two-story, Class A building, located at 1400 West Stanford Ranch, was acquired by an unnamed government agency.
Constructed in 2007, the buildi...
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• Trion Properties Spends $23.6 Mil on Sacramento Multifamily Property
1/25/23
In a recent Sacramento res buy, Trion Properties paid $23.6 mil for Courtyard at Artisan Square, a 104-unit ($227/sf) community. The property is located at 1503 Fulton Ave, within the Arden-Arcade submarket.
Constructed in 1...
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• Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
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• Sacramento Area Retail Center Lands $16.75 mil Refi
1/09/23
Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 ...
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• Sacramento Office Market Ends Year with Rates and Vacancies on the Rise
1/06/23
This report provided by real estate services firm Kidder Mathews
Sacramento Office Hit Hard by Economic Downturn
Market Highlights
• Asking lease rates have increased to $2.18/SF.
• Direct net absorption increased to 102,8...
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• Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
12/16/22
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
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• Vacaville Commons Lands $23 Mil Refi
11/03/22
Vacaville Commons, a 400k sf power retail center in Vacaville, was refinanced with a new permanent loan for $23 mil. Vacaville is a NoCal city located along I-80 roughly midway between San Francisco and Sacramento.
The cente...
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• Sacramento Area Biz Park Lands New Owner in $15 Mil Deal
11/02/22
Dunleer has acquired Windplay Business Center, a nine-building, 101.2k sf industrial park in El Dorado Hills, CA for $14.9 mil ($147/sf). The 97% leased property is situated on 8.76 acres at 5001-5009 Windplay Drive and 1100-...
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• Sacramento Office CRE Market Update – 3rd Qtr. 2022
10/04/22
This update was provided by real estate services firm Kidder Mathews
"Sacramento Office Employers Get Creative with Reduced Space"
Market Highlights
• Asking lease rates have increased to $2.15/SF.
• Direct net absorption...
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• Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
10/03/22
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
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• Lease for 103k sf at the Contra Costa Logistics Center is an Enchanting Deal
10/03/22
Canadian-based live event production company Enchant inked a lease for 103k sf of space at the Contra Costa Logistics Center in Oakley, a NoCal city situated roughly midway between San Francisco and Sacramento. Terms of the d...
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