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8/12/25
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A 46.1k sf office property in Sacramento traded for $6 mil, or $130/sf. The building is located at 3900 Lennane Dr, east of Truxel Rd and just north of I-80, across from the Target-anchored Promenade at Gateway and Truxel Gateway.
The two-story building was built in 1978 and has undergone extensive renovation. The property is fully leased with a weighted average lease term (WALT) of 5.2 years. Notably, 78% of the tenant roster comprises leases signed post-COVID, reflecting strong leasing momentum in the North Natomas submarket.
CBRE’s Matt Post, Sammy Cemo and Anthony DeLorenzo, in partnership with CBRE’s Tony Whittaker, represented the private seller in the transaction. The buyer was 2919 Prom R&T LLC.
“This transaction underscores the growing investor appetite for stabilized suburban office assets,” said Post, first vice president at CBRE. “The building offers a rare combination of long-term leases and recent capital improvements, positioning the buyer for strong upside in a rapidly evolving Sacramento office market.”
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