Sacramento, CA (MARCH 29, 2012) –Voit Real Estate Services’ Sacramento office has completed the sale of three office properties encompassing 34,579 square-feet for a total consideration of $3.5 million in the greater Sacramento area.
“We continue to see stable growth in Sacramento’s office market, and sales activity is increasing among smaller properties,” said Robb Osborne (middle right photo), Senior Vice President in Voit’s Sacramento office. “Prices are competitive, and buyers see the opportunity to obtain these smaller office properties, which are ideal for owner-users as well as investors in the market.”
The three transactions recently completed by Voit’s Sacramento Corporate Office Group, led by Senior Vice President, Robb Osborne include:
Transaction #1 Voit’s Sacramento office directed the $1.6 million sale of an 11,685 square-foot office building located at 1687 Eureka Road in Roseville, Calif. Robb Osborne worked with Cole Sweatt (middle left photo), an Assistant Vice President in Voit’s Sacramento office, to represent the seller, Rori Property Holdings, LLC. The buyer, Infinite Solutions, Inc., was represented by David Brandenburger of Cornish & Carey.
Infinite Solutions, Inc., a company that provides information technology consulting, training, mentoring and development services, will use this property as its U.S. headquarters. This property is centrally located within the Roseville business corridor on the corner of Eureka Road and Douglas Blvd.
Transaction #2
The Osborne team completed the $1.4 million acquisition of a 17,894 square-foot office/medical building located at 2368 Maritime Dr. in Elk Grove, Calif. Voit represented the buyer, 990 Reserve Drive, LLC. The seller, Roseville Bank of Commerce, was represented by Doug Quiroz of Cemo Commercial.
The buyer acquired the two-story office/medical building as an investment, and plans to use Voit’s services to lease and/or sell the building.
Transaction #3 Voit’s Robb Osborne and Cole Sweatt directed a 5,000 square-foot office sale located at 5174 Hillsdale Circle in El Dorado Hills, Calif (top left photo). for a total consideration of $500,000. The Sacramento Corporate Office Group represented the seller, Lot 68 Partnership, a California General Partnership. The buyer, Colorado Federal Bank, was represented by Clyde Rawlings and Toss Valentine of Grubb & Ellis.
Colorado Federal Bank plans to use this fully improved office property as a corporate office and branch location.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
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