Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
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The center, built in 1988, is 90 percent leased and anchored by a 42,000-sf Publix supermarket.
apartments, office space and ground floor in several buildings
98 percent leased and anchored by Albertson's, Toys R Us, LA Fitness and Office Max. It was built in 1989
2 office buildings (96,863 sf and 46,427 sf); Leased to Oce through 2020
at 1944 NE 5th Avenue; constructed between 1962 and 1974.
The building, located in the Arvida Park of Commerce, is fully leased to five tenants.
No price, but MBNA was asking for more than $30Mln for the office and 55 adjacent acres.
No price disclosed; Given area comps, it likely sold for a price in the neighborhood of $45Mln, or $162/sf.
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