| Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
A new construction, 4.8k sf two-tenant Chipotle Mexican Grill Drive-Thru pad at Freedom Point Plaza in Roseville sold for $4.045 mil ($843/sf). Freedom Point Plaza is anchored by TopGolf and Living Spaces.
The pad property,...
| Solidigm Inks Lease for 170k sf in Rancho Cordova
Solidigm, a leading global semiconductor company, has signed a 170k sf lease at White Rock Corporate Campus, a five-building, suburban office property in the Highway 50 Corridor in Rancho Cordova. The location will serve as S...
| Sacramento Area Office Building Sells for Over $10 Mil
A 69.4k sf office building in Rocklin, CA traded for $10.24 mil, or $148/sf. The two-story, Class A building, located at 1400 West Stanford Ranch, was acquired by an unnamed government agency.
Constructed in 2007, the buildi...
| 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 1...
| Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
| Sacramento Area Retail Center Lands $16.75 mil Refi
Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 ...
| Sacramento Office Market Ends Year with Rates and Vacancies on the Rise
This report provided by real estate services firm Kidder Mathews
Sacramento Office Hit Hard by Economic Downturn
• Asking lease rates have increased to $2.18/SF.
• Direct net absorption increased to 102,8...
| Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
| Vacaville Commons Lands $23 Mil Refi
Vacaville Commons, a 400k sf power retail center in Vacaville, was refinanced with a new permanent loan for $23 mil. Vacaville is a NoCal city located along I-80 roughly midway between San Francisco and Sacramento.
| Sacramento Area Biz Park Lands New Owner in $15 Mil Deal
Dunleer has acquired Windplay Business Center, a nine-building, 101.2k sf industrial park in El Dorado Hills, CA for $14.9 mil ($147/sf). The 97% leased property is situated on 8.76 acres at 5001-5009 Windplay Drive and 1100-...
| Sacramento Office CRE Market Update – 3rd Qtr. 2022
This update was provided by real estate services firm Kidder Mathews
"Sacramento Office Employers Get Creative with Reduced Space"
• Asking lease rates have increased to $2.15/SF.
• Direct net absorption...
| Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
| Lease for 103k sf at the Contra Costa Logistics Center is an Enchanting Deal
Canadian-based live event production company Enchant inked a lease for 103k sf of space at the Contra Costa Logistics Center in Oakley, a NoCal city situated roughly midway between San Francisco and Sacramento. Terms of the d...
| Sacramento Office Building Trades for $55 Mil
A partnership between Seagate Properties and Cottonwood Group purchased 925 L St, a 168.8k sf, Class A, multi-tenant office building in downtown Sacramento, for $55.1 mil ($326/sf). The property was sold by a joint venture be...
| DCG Fulfillment Leases 306k sf in Lathrop, CA
In a NoCal logistics lease, DCG Fulfillment inked a deal for 306.4k sf of space in Lathrop, about 10 miles south of Stockton. The space is part of a 610k sf industrial warehouse located at 3645 W. Yosemite Ave.
The facility ...
| Sacramento Office Building Trades for Just Over $9 Mil
Locally-based Bardis & Miry Development paid $9.05 mil for Executive Commons, a 47k sf ($192.50/sf), two-story office building in Sacramento. Located at 350 University Ave, the multi-tenant property was 95% leased at the time...
| American Capital Group to Begin Construction on Res Development in West Sacramento
Construction of Kinect @ Southport, a new, 322-unit suburban community located in the highly desirable West Sacramento submarket, is set to begin now that American Capital Group, the developer, has received funding for the pr...
| Basin Street Properties Adds Concierge Services at Its Sacramento Properties
Basin Street Properties has added a new tenant amenity program -- concierge services -- across its Sacramento properties.
The new service is designed to provide on demand assistance with many personal and professional task...
| Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Aug 19 Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Venture between ProEquity Asset Management Corporation and Solaris Capital buys 245k sf asset in sale/leaseback deal with Blue Shield of Californ...
| MCA Realty Spends Just Over $10 Mil on Sacramento Industrial Portfolio
MCA Realty has purchased a small-bay industrial portfolio in Sacramento for $10.2 mil. The acquisition consists of three properties totaling 82.6k sf ($123/sf) of space.
The newly acquired portfolio is currently 100% occupie...