Graceada Partners buys two assets in Sacramento

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.

Press ReleaseGuest UserSeptember 23, 2020acquisition, Sacramento, westlake apartments, Commercial Real Estate, assets, 2101 Arena Blvd.