Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
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$11.1 million paid, $63.2 million mortgage, issued 1.9 million units of affiliated operating partnership for $87.4 million
83 percent leased to such tenants as Lockheed Martin, McGraw Hill and TRW
fully leased to such tenants as Bozzuto & Associates, Wells Fargo and Aggregate Industries.
97 percent occupied; Its units, which average 970 sf, rent for an average of $945 per month.
Average rents at 7509 Mandan Road are about $1,050/month. The property is more than 95 percent occupied.
The two buildings at 7615-7637 & 7601 Ora Glen Drive are fully leased to Intermedia Communications Inc.
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© 2023 Commercial Real Estate Direct All rights reserved..