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May 23, 2024
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SACRAMENTO NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  23
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• Harbor Group International Buys 157k sf Sacramento Area Office Property
3/23/20
Virginia-based Harbor Group International (HGI) closed on a Sacramento area acquisition, purchasing a 157.5k sf Class A office and lab property in Roseville. The price was not immediately given out. The single-story building...
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• MG Properties Spends $65 Mil on Sacramento Multifamily Property
3/13/20
Landing at College Square, a 270-unit multifamily property in Sacramento, was purchased for $64.75 mil ($240k/unit) by MG Properties, out of San Diego. The property, located at 7640 West Stockton Way, was sold by Oakmont Prop...
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• SoCal Buyer Spends $15.7 Mil on Sacramento Res Property
2/28/20
Rosemont Terrace, a 100-unit apartment complex located in the Rosemont neighborhood of Sacramento, was purchased by a SoCal-based buyer in a $15.7 mil ($157k/unit) transaction. The listing generated multiple offers. Built on...
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• Prime US REIT Pays $165 Mil for Sacramento Office Tower
2/26/20
Prime US REIT has purchased Park Tower, a 489.2k sf, Class A office building in downtown Sacramento, for $165.5 mil, or $338/sf. Prime, which trades on the Singapore Exchange Securities Trading, was assisted in the transactio...
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• Davis Res Property Trades for $42 Mil
2/14/20
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento. Built on 3.92-acre site, Cambridge House boast...
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• NoCal Buyer Pays $783/sf for Sacramento Retail Property
2/10/20
A Sacramento area retail center was acquired by a Bay Area investor in a deal with a price tag of $2.74 mil. The property, a new-construction, two-tenant, retail pad building occupied by Dunkin’ Drive-Thru and T-Mobile at a F...
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• Sacramento Area Res Community Trades in $33 Mil Deal
1/24/20
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit. Sterling Pointe, located at 2237 and 2257 Hur...
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• Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
1/23/20
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
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• Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
1/21/20
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed. The property was sold by HighBridge Prop...
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• Investor Exchanges into Newly Constructed Dialysis Clinic in Modesto
1/03/20
A 1031 exchange investor has paid $6.1 mil for a newly constructed, 11.3k sf ($539/sf) outpatient dialysis clinic in Modesto, CA. The deal closed at a cap rate of 5.1%. The outpatient clinic is located at 1328 Coffee Rd, ju...
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• Shamrock Acquisitions Lands $69 Mil in Construction Money for Merced Housing Development
12/30/19
Shamrock Acquisitions LLC has obtained $68.75 mil in construction financing for an 885-bed student housing development in Merced, CA. The funding was provided by an affiliate of Mosaic Real Estate Credit (MREC). The 270-unit...
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• Grocery Outlet Store in Sacramento Sells for $4.6 Mil
12/18/19
Grocery Outlet, a 15.5k sf net-leased property located in Sacramento, sold for $4.65 mil ($300/sf). The lease is corporate guaranteed. Grocery Outlet sits on a 26.8k sf lot at 2308 Del Paso Blvd. The store was constructed in...
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• Sacramento Area Retail Center Purchased for $11 Mil by SoCal Investors
12/13/19
A 61k sf, triple-net retail property in Carmichael, CA was acquired by Diamond Developers LLC, a SoCal-based group of private investors, in an $11 mil ($180/sf) transaction. The property, Carmichael Center, is located at 7223...
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• Stockton Dialysis Clinic Sells for $550/sf
11/19/19
An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%. The outpatient clinic is located at 7500 West Lane and ...
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• Local Group Buys Sacramento Center
11/13/19
Strawberry Creek, a 57.4k sf shopping center in Sacramento, has sold for $20.95 mil ($365/sf). The four-building property includes a vacant parcel that can be used for future development. Shadow-anchored by a 133k sf Target...
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• Sacramento-Area Office Property Sells for $23.7 Mil
10/29/19
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
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• Bay Area Investor Pays $121.5k/Unit for Sacramento Multifamily Property
10/28/19
The Regency Apartments, a 130-unit community in Sacramento, sold for $15.8 mil ($121.5k/unit) after receiving multiple offers. The property, located at 5900 Riza Ave, was purchased by a private investor based in the Bay Area....
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• Nazareth Enterprises Inc Spends $16.7 Mil on Sacramento Medical Office Property
10/03/19
Nazareth Enterprises Inc has purchased Sacramento Heart Medical Building, a 47.5k sf, Class A medical building in Sacramento, for $16.7 mil ($352/sf). Nazareth a privately-held, diversified investment firm, was founded by Mou...
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• Historic Office Building in Sacramento Gets a New Owner
10/02/19
A 140.9k sf historic office building in Sacramento’s vibrant Government Affairs District has traded hands in a recent $20 mil ($142/sf) transaction. The building, located at 1130K St, a few blocks east of I-5, was sold by UC ...
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• Pathfinder Partners Spends $29 Mil on Sacramento-Area Value-Add Res Buy
10/01/19
Rosemont Park, a 170-unit, Sacramento-area apartment community, was acquired by Pathfinder Partners for $28.8 mil, or $169.4k/unit. The property is located at 9190 Schmuckley Dr, near the center of downtown Rosemont. Constru...
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