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• NewMark Merrill Companies Awarded Management Assignment for Popular NoCal Retail Destination
3/29/24
Sacramento-based Tower Investments has awarded NewMark Merrill Companies the property management assignment for The Nut Tree and Nut Tree Plaza, an iconic 372.2k sf retail and entertainment destination in the NoCal city of V...
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• Sacramento Area Self-Storage Facility Trades
3/21/24
A 993-unit self-storage facility located at 6025 Park Dr in the NoCal city of Rocklin was acquired by an institutional buyer. It was sold by an affiliate of Banner Real Estate Group.
The expansive property sits on 1.72 acres...
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• Macy’s Leases New NoCal Distribution Facility
1/22/24
Macy’s has inked a long-term lease for a new 272k sf, logistics/distribution facility in Lathrop, CA. The structure is located at 3400 W Yosemite at the Phelan Lathrop Gateway industrial park, roughly 10 miles south of Stockt...
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• DRA Advisors and Rising Realty Partners Buy 531k sf CA Central Valley Industrial Portfolio
1/12/24
DRA Advisors and Rising Realty Partners have teamed up in the purchase of a six-building industrial portfolio totalling 531.3k sf in the CA Central Valley cities of Tracy and Stockton. The price was not disclosed.
The portfo...
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• Sacramento Industrial CRE Market Update – 4th Qtr. 2023
1/08/24
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• The average asking lease rates climbed to $0.85/sf, an increase from $0.77/sf in 4Q22.
• Direct vacancy rates rose from 3.9% to 4.6% QOQ.
...
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• Modesto Multifamily Community Goes for $42.7 Mil
1/05/24
Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, CA, traded hands in a $42.7 mil ($217.9k/unit) transaction. We’re told that the sale, which closed at the end of December, marks the largest multifamily ...
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• Sacramento Quest Diagnostics Strip Center Listed at $3.165 Mil
1/04/24
An 8.9k sf, Quest Diagnostics-anchored strip center in Sacramento has been put on the market with an asking price of $3.165 mil. Other tenants at the property include Game Stop, GNC and Hip Hop Jeans.
The Quest & Shops prope...
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• Sacramento-Area Office Building Lands New Owner in $6.7 Mil Deal
11/07/23
Visions In Education paid $6.7 mil for a 63.4k sf, Class A office building in Gold River (Sacramento), CA for its new office headquarters. Visions In Education is an online high school and TK-8 home school provider.
The two...
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• Buchanan Street Partners Spends $20 Mil on NoCal Self-Storage Facility
10/30/23
Buchanan Street Partners LP has acquired a stabilized institutional quality self-storage facility in Auburn, CA for $20.75 mil in an off-market transaction. The 116.5k sf ($178/sf) facility, comprised of 825 self-storage unit...
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• Brixton Capital Purchases 143k sf Shopping Center in Stockton
10/19/23
Brixton Capital has acquired Pacific Town Center, a 143.2k sf shopping center in Stockton in an off-market transaction. The price was not disclosed.
Pacific Town Center is located at 718-760 West Hammer Lane, at the southea...
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• Sacramento Multifamily Property Sells for $17.9 Mil
10/03/23
Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, traded hands in a recent deal valued at $17.9 mil, or $179k/unit. Built in 1970, Rosemont Terrace is located at 3690 S Port Dr.
The property fea...
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• NoCal Warehouse Building Lands $30 Mil Refi Loan
9/29/23
Nearon Enterprises has secured $30 mil in refinancing for the Dixon Commerce Center, a 447k sf warehouse building in Dixon, a NoCal city roughly 25 miles southwest of Sacramento.
Located at 2299 Commerce Way, the building wa...
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• NoCal Vineyard Acquired by FarmTogether in a $3.2 Mil Deal
9/05/23
Hidden Oaks Vineyard in Clements, CA was recently purchased for $3.2 mil by FarmTogether Inc, a crowdfunding investment platform. Clements is situated about 45 miles southeast of Sacramento.
The 102-acre organic cabernet sau...
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• Newly Constructed Chipotle Mexican Grill in Sacramento Sells for $2,152/sf
8/16/23
A 2.3k sf, new construction single-tenant Chipotle Mexican Grill property in Sacramento’s North Natomas area sold for $4.95 mil ($2,152/sf). We’re told the deal came in at the highest price per square foot sale of a single-te...
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• Avanath Capital Management Closes $19 Mil Purchase of West Sacramento Affordable Senior Housing Community
6/26/23
Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable senior housing community located at 705 Dorothy Adamo Lane in West Sacramento, for a total consideration of $19 mil ($158k/unit) in an off-marke...
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• South Sacramento Multifamily Property Trades for $111k/Unit
5/03/23
Continental Terrace, a 142-unit multifamily property in South Sacramento, sold for $15.75 mil ($110.9k/unit). Located at 6915 Lewiston Way, Continental Terrace offers a mix of studio and one-bedroom floor plans ranging in siz...
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• Sacramento Industrial Market Showing Signs of Slowing
4/17/23
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Average asking lease rates are $0.80/SF.
• Direct vacancy rates increased YOY from 3.5% to 4.4%.
• Sales transactions decreased by 22.7% Y...
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• Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
3/07/23
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,...
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• Solidigm Inks Lease for 170k sf in Rancho Cordova
3/03/23
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...
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• Sacramento Area Office Building Sells for Over $10 Mil
2/10/23
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...
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