CITRUS HEIGHTS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a Sam’s Club (top right photo) ground lease in Citrus Heights. The sales price is $15.6 million.
Mark Mason (bottom left photo), a first vice president investments in the San Francisco office of Marcus & Millichap, represented the seller, Trestle Regency LLC, based in the San Francisco Bay Area.
Mark Mason (bottom left photo), a first vice president investments in the San Francisco office of Marcus & Millichap, represented the seller, Trestle Regency LLC, based in the San Francisco Bay Area.
John Bailey, a
n associate vice president investments in the firm’s Chicago Downtown office, William Bailey, a senior associate also in the firm’s Chicago Downtown office, and Jordan Apostolov, an investment specialist in the firm’s Oak Brook office, represented the buyer, Illinois-based First Acorn LLC.
n associate vice president investments in the firm’s Chicago Downtown office, William Bailey, a senior associate also in the firm’s Chicago Downtown office, and Jordan Apostolov, an investment specialist in the firm’s Oak Brook office, represented the buyer, Illinois-based First Acorn LLC. “This property offered the buyer a management-free investment with an unparalleled location: a densely populated market with high barriers to entry,” says Mason. “The entire site is leased on a long-term basis to Sam’s Club, a wholly owned division of Wal-Mart Stores, the world’s largest retailer.”
Located at 7147 Greenback Lane, the 129,346-square foot Sam’s Club is situated on approximately 12.42 acres and anchors Regency Plaza, which includes other retailers as Big Lots!, Western Warehouse and SAS Shoemakers.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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