925 L Street, downtown Sacramento, CA
SAN FRANCISCO, CA, Sept, 26, 2022 – JLL Capital Markets has closed the $55.1 million sale of 925 L St., a Class A, multi-tenant office building totaling 168,844 square feet in downtown Sacramento, California.
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| Rob Hielscher |
925
L Street is a 13-story, LEED® Gold office building that is located adjacent to
the state Capitol in the heart of Sacramento’s Government Affairs district.
The 94%-occupied tower has 4.7
years of weighted average lease term with 63% of the building leased to
investment grade tenants, including the State of California.
Prior
to sale, ownership had signed a 13-year lease with a large State tenant
demonstrating the mission-critical location adjacent to the state Capitol.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Rob Hielscher, Senior Director Erik Hanson and Director Nick Deaver.
 |
| Erik Hanson |
The
firm's in-depth local market and global investor knowledge delivers the best-in-class
solutions for clients — whether investment sales advisory, debt placement,
equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research
resources on JLL, please visit our newsroom.
 |
| Nick Deaver |
CONTACT:
Kristen Murphy
Director, Public Relations, Americas
JLL
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
www.seagateprop.com.
