| 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...
| The Companion Group Relocates from the East Bay to the Sacramento Area
The Companion Group has signed a lease for 100.8k sf of warehouse/distribution space in the city of Woodland, moving the company’s long-time industrial operations once housed in the San Francisco East Bay Area city of Hayward...
| Retail Pad Building in the Sacramento Area Fetches $527/sf
A two-tenant, 4.4k sf retail pad building occupied by Chipotle Mexican Grill and Firehouse Crawfish restaurants in Rancho Cordova sold for $2.32 mil ($527/sf). The sale represents the second transaction in the break-up sale s...
| Meta Housing and Western Community Housing to Build 44-Unit Affordable Housing Project in Roseville
Meta Housing Corporation and Western Community Housing Inc are set to develop Main Street Plaza Apartments, a 44-unit, mixed-use affordable housing complex at the northeast corner of Washington Blvd and Main St in Roseville. ...
| CPP Completes $35.6 Mil Rehabilitation of 140-unit Affordable Housing Community in Antelope
Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly...
| West Sacramento Industrial Project Refinanced with $17 Mil Loan
The Bendetti Company has refinanced Parkway Industrial Crossing, a 302.4k sf, value-add industrial project in West Sacramento, with a new loan for $16.9 mil. The asset includes an adjacent vacant land parcel.
Situated on 12....
| Two-Tenant Retail Building in Merced Fetches Over $700/sf
A 3.7k sf, two-tenant, net-leased retail building in Merced sold for $2.645 mil ($715/sf). The property, occupied by a Starbucks with a drive-thru and T-Mobile, is located at 360 W. 16th St. The transaction came in at a recor...
| Sacramento Multifamily Property Trades for $100k/Unit
A 40-unit apartment complex in Sacramento sold for $4 mil, or $100k/unit. The 32k sf property consists of 10 buildings located at 6304 Lemon Hill Ave.
Built in 1965, the garden-style apartment community boasts a unit mix of ...
| Oakdale Communities Secures $83 Mil for Sacramento Res Development
Oakdale Communities has secured $83 mil in financing for the development of The Core Natomas, a 300-unit, luxury apartment project in Sacramento. The loan was arranged by CBRE Capital Markets’ Debt & Structured Finance.
| Bentall Kennedy Pays $105 Mil for 1.12 msf NoCal Facility Occupied by Amazon
Bentall Kennedy (U.S.) Limited Partnership completed a $105.3 mil industrial acquisition in Stockton on behalf of its US Core Fund. The 1.12 msf ($94/sf) building, previously one of the largest spec industrial developments in...
| SoCal Investor Buys Dollar General Store for $281/sf
A 9k sf, single-tenant retail property fully occupied by Dollar General in Red Bluff, CA sold for $2.53 mil, or $281/sf. The buyer was an unnamed SoCal-based family trust.
Built in 2013, the property is located on just under...
| Ethan Conrad Properties Buys 500k sf NoCal Retail Center
Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicks’ Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is cur...
| 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...
| Bixby Land Led Venture Secures $180 Mil Credit Facility
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fund’s initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
| Seagate Properties Buys Sacramento Office Building
Seagate Properties Inc has purchased The Senator, a 180.1k sf landmark office building in Sacramento, for $46.9 mil ($260/f). The property, located directly across from the State Capitol at 1121 L St, was 88% leased at the ti...