Published at The Registry Bay Area Real Estate
Graceada Partners is pleased to announce the acquisition of 2101 Arena Boulevard in Sacramento. This two-story office building is 100 percent occupied by the State of California Department of Business Oversight as their headquarters. The property was purchased for $155 per square foot while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.
Read MorePublished at Commercial Property Executive
The 78,400-square-foot property is the new headquarters of the California Department of Business Oversight.
Published at IREI
Modesto, Calif.-based Graceada Partners has acquired two assets in Sacramento in separate deals. The firm acquired a two-story office building, located at 2101 Arena Blvd. It is 100 percent occupied by the State of California Department of Business Oversight as its headquarters. The property was purchased for $155 per square foot, while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.
Read MorePublished at Sacramento Business Journal
Escrow closed this week for Modesto-based Graceada on 2101 Arena Blvd., a two-story, 79,920-square-foot office building in Sacramento's North Natomas area. Based on a $155-per-square-foot purchase price, the sale price was about $12.4 million.
Read More
