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June 13, 2024
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Trion Properties Spends $23.6 Mil on Sacramento Multifamily Property


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 1970, the property consists of 104 one-, two-, and three-bedroom apartment units averaging 830 sf with open floor plans. Located on nearly five acres, the community comprises 11 two-story-wood-frame buildings totaling over 86k sf. Existing amenities include a fitness center, pool deck, and high-end upgrades throughout the property.

Situated near Sacramento’s Urban Core and High 50 Office Corridor, the community offers residents immediate access to large employment centers, with quality dining, entertainment, and retail options. The property is conveniently positioned with direct access to Highway 50, Interstate 80, and Highway 160.

The seller had fully renovated property exteriors and all unit interiors to include quartz countertops, in-unit washer/dryers, dual-pane windows, new roofs, full patio replacement, asphalt, and concrete walkways.

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