| Bixby Land Company Spends $60 Mil on Industrial Assets in Phoenix and West Sacramento
Bixby Land Company recently acquired two Class A industrial properties totaling 723k sf for $60.5 mil ($84/sf). The properties are located in Phoenix, AZ and West Sacramento, CA.
In Phoenix, Bixby purchased a 335.5k sf, Clas...
| Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento
Point West, a Class A portfolio comprising three office buildings totaling 345.8k sf in Sacramento, was acquired for $44.6 mil ($129/sf) by Basin Street Properties. The buildings are located at 1545 River Park Drive, 1601 Res...
| Nearon Enterprises Buys 518k sf Sacramento Industrial Portfolio
Walnut-Creek based Nearon Enterprises has made its first entry into the Sacramento region, recently acquiring a fully leased industrial portfolio totaling 517.8k sf for $34 mil, or $66/sf. The seller was Massie & Co, a real e...
| Sacramento Area Shopping Center Trades for Over $18 Mil
Woodland Crossroads, a grocery-anchored promotional shopping center in Woodland (Sacramento Valley), California, has sold to a private capital investment group in Southern California for $18.045 mil. Originally developed in 1...
| Sacramento Business Complex Picked Up for $32 Mil
Seagate Properties purchased Creekside Oaks, a 178.7k sf business campus in Sacramento, for $32 mil, or $179/sf. The three-building, Class A complex was sold by Ridge Capital Inc.
Located at 1740-1760 Creekside Oaks Dr, in...
| El Dorado Hills Building Sells for $120/sf
John Adams Academy Inc paid $8.6 mil for a 71.6k sf ($120/sf) building in El Dorado Hills. Built in 2001, the building is located at 1102 Investment Blvd, within El Dorado Hills Business Center.
John Adams Academy will use ...
| Acadia Realty Trust Closes $59 Mil Sacramento-Area Retail Buy
Elk Grove Commons, a 241.9k sf retail center in the Sacramento region, was recently acquired by Acadia Realty Trust for $59.3 mil, or $245/sf. The property, located at 9624 Bruceville Rd, was 100% occupied at the time of sale...
| Seven NoCal SVN Offices Team Up Under One Label
Seven of SVN International Corpís Northern California offices have joined together to form SVN NORCAL, offering collaborative services, tools and expertise under one brand. SVN International Corp (SVN) is a full-service comm...
| Prologis Buys 575k sf of Industrial Space from CT at NorCal Logistics Center
Prologis purchased two newly-constructed industrial buildings from CT at its NorCal Logistics Center in Stockton for $47 mil. The two buildings total 575.1k sf of space and mark the initial completion of CTís three-building P...
| 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...