518,000 SF Single-Tenant Industrial Portfolio Trades for $34 Million in Sacramento

SACRAMENTO, Calif. – September 4, 2018 – Walnut-Creek based Nearon Enterprises has made its first entry into the Sacramento region, recently acquiring a fully leased industrial portfolio totaling 517,767 square feet (sf) for $34 million. The seller was Massie & Co., a real estate development firm in Sacramento and Reno, NV. The sale included the three buildings located at 6300 S. Watt Ave, 8360 Elder Creek Rd. and 8920 43rd Ave., which are fully leased to American Building Supply, Inc. (ABS), a wholly owned subsidiary of Jeld Wen. Cushman & Wakefield’s Kevin Partington, Matt Cologna, Bryce MacDonald, David Nicholson, Ron Thomas, Bruce Hohenhaus, Chris Schwarze, Adam Lasoff, Seth Siegel, Steven Hermann, and Eric Fox with Cushman & Wakefield represented the seller in the transaction. The Cushman & Wakefield team was strategically drawn from brokers in Sacramento providing strong local knowledge and sales/leasing expertise together with a veteran capital markets group from offices [...]

2018-09-04T14:44:41+00:00 September 4th, 2018|In the News|

Sacramento’s 179,000 SF Creekside Oaks Complex Sells for $32 Million – Cushman & Wakefield Brokers Sale and is Retained for Leasing of Class A Campus

SACRAMENTO, Calif. – August 30, 2018 – San Rafael-based Seagate Properties has acquired Creekside Oaks, a 178,694-square-foot Class A office complex located in Sacramento, for $32.2 million. The business complex consists of three high quality buildings located at 1740, 1750 and 1760 Creekside Oaks Dr. and was sold by Ridge Capital, Inc. The acquisition was the upleg of the buyer’s 1031 Exchange. Kevin Partington, Ron Thomas, Bruce Hohenhaus, Chris Schwarze, Seth Siegel, Steven Hermann, Eric Fox, Adam Lasoff, and George Eckard with Cushman & Wakefield’s Sacramento and Bay Area offices represented the seller in the transaction. Partington along with Sean Mullens and Kris Kamblach in the firm’s Sacramento office were also retained by Seagate Properties for leasing services for the complex. Mr. Partington, Executive Director, said, “Desirably located in Sacramento’s South Natomas submarket, Creekside Oaks has been meticulously maintained and upgraded over the years and represents one of the premier office projects [...]

2018-08-30T15:54:38+00:00 August 30th, 2018|In the News|