| Penumbra Inks Sacramento Area Expansion Lease for an Additional 96k sf of Office/Lab Space
Penumbra, a global healthcare company, has expanded into an additional 96.5k sf of Class A office / lab space in the Roseville Innovation Park in Roseville. The company’s new lease at 620 Roseville Pkwy will bring its total o...
| Community Preservation Partners Closes on 18-Unit Affordable Housing Project in Sacramento
Community Preservation Partners (CPP) closed on a NoCal affordable housing buy, acquiring Grand Ave Villa, an 18-unit apartment property in Del Paso Heights. Built in 1974, the complex is CPP’s smallest holding and its first ...
| Rancho Cordova Industrial Asset Fetches $146/sf
A 108.4k sf industrial property in Rancho Cordova sold for $15.8 mil, or $146/sf. The property was sold by Corsair Management Limited Partnership.
Located at 11380 White Rock Rd, the property was originally constructed in 19...
| Nome Ventures Buys The Ziggurat Office Building in Sacramento
Nome Ventures has purchased The Ziggurat office building in Sacramento in a $90 mil deal. The 373.7k sf, 10-story office property, located at 701-707 3rd St, is a pyramid-shaped structure and one of Sacramento’s most recogniz...
| The Bendetti Company Buys 55k sf West Sacramento Industrial Building
The Bendetti Company paid $6.985 mil for a 55k sf ($127/sf) industrial building in West Sacramento. The building, located at 879 F St, was sold by INNOVA Fund I LLC.
Built in 2001, 879 F Street is situated on just over two a...
| Bridge Partners Closes on $111 Mil Res Buy in the Sacramento Area
Bridge Partners has acquired Harvest at Fiddyment Ranch, a 300-unit multifamily community in the Sacramento-area city of Roseville, for $111 mil ($370k/unit). The property was sold by USA Properties Fund, out of Roseville.
| Red Tail Land Development Buys Five Acres in Vacaville
Red Tail Land Development LLC purchased a five-acre residential development site in Vacaville, CA. Located at 148 Peabody Rd, the site currently consists of a multi-tenant industrial building that is situated within a Residen...
| New Garden-Style Residential Project Slated to Open in West Sacramento
The Strand, a three-story garden-style apartment community located in West Sacramento, is nearing completion. The 408-unit project is a development of MBK Rental Living.
Offering upscale living with easy access to the capita...
| Nome Capital Partners Acquires 315k sf Sacramento Office Asset for $57.5 Mil
In a notable Sacramento office buy, Nome Capital Partners paid $57.5 mil for a two-building, 315.4k sf ($182/sf) asset. The office park, located at 1625 and 1747 North Market, was sold by Pac West Office Equities, L.P.
| Sacramento Industrial Asset Trades for $79/sf
A 133.4k sf industrial property in Sacramento sold for for $10.5 mil ($79/sf). Located at 4632 Raley Blvd, the property was fully leased to American Tire Distributors at the time of sale.
The single-tenant industrial buildi...
| Erickson Companies Spends $26 Mil on Industrial Portfolio in AZ and CA that It Occupies
Erickson Companies purchased a multi-state industrial portfolio consisting of a 40k sf headquarters facility on 13 acres in Chandler, AZ and a 20k sf facility on 15 acres located in the Sacramento-area city of Roseville. The ...
| Report Looks at How Covid Pandemic Accelerated High-Density to Low-Density Population Migration Trend in Sacramento
Here is an interesting look at how the ongoing demographic trend of people moving from high-density markets to lower-density markets was impacted by the Covid-19 pandemic, at least for one market – Sacramento. This report was...
| Final Building Sale in Break-Up Execution of Rancho Cordova Retail Center Generates $1.8 Mil
A Stockton-based private investor purchased a vacant, 26.5k sf retail building in Rancho Cordova for $1.8 mil ($68/sf). The building, constructed in 1975 and formerly occupied by Fit Republic, is situated on 2.41 acres at 281...
| NoCal Investors Trade Modesto Multifamily Community in $17.5 Mil Deal
Trails at 212 Apartments, a 97-unit community in Modesto, sold for $17.55 mil, or $181k per unit. Built on a 5.32-acre site in 1985, Trails at 2112 Apartments is located at 2112 Floyd Ave, with significant exposure on frontin...
| Work Gets Underway on 477k sf Sacramento Biz Park
Construction has started on LINK Logistics Center @ Depot Park, a new, 477k sf freestanding industrial/warehouse and distribution building in Sacramento. Situated on nearly 27 acres, the new Class A facility is strategically ...
| Horizon Realty Advisors Buys 144-Unit Sacramento Apartment Community
Seattle-based Horizon Realty Advisors purchased Apex on the River, a 144-unit multifamily community in Sacramento, for an undisclosed price. Located at 8719 Woodman Way in the La Riviera submarket, the apartment complex backs...
| New Sacramento-Area Starbucks Trades at 4.14% Cap Rate
A new construction, single-tenant Starbucks Drive-Thru at Zinfandel Village, a grocery-anchored shopping center located at the on/off-ramp to U.S. Route 50 (Lincoln Highway) in Rancho Cordova, traded hands for $2.55 mil. The ...
| Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
A recently developed suburban apartment complex is being marketed for sale in Roseville, a high-growth submarket within Sacramento — one of the best performing metros nationwide for multifamily sector growth.
| Sacramento Retail Trade Works Out to $139/sf
Nazareth Enterprises Inc paid $5.375 mil for EcoThrift Mall, a 38.6k sf ($139/sf) retail building on 3.6 acres, together with an adjoining, developable parcel of 0.77 acres, located at 7224 55th St in Sacramento. Led by Mouni...
| Buzz Oates Companies Buys Industrial Facility in West Sacramento
Buzz Oates Companies purchased a 135.9k sf industrial facility in West Sacramento for $20.8 mil, or $153/sf. The property, located at 3925 Seaport Blvd, is fully leased to Raley’s, a privately held family of grocery stores in...