Jewell Capital LLC Acquires Industrial Property In Sacramento's River District For $12.55M

Graceada Partners has sold an industrial property located at 915 North B Street in Sacramento's River District. The property was purchased less than two years ago and has seen a gain of over 47%. The sale price for the property was $12.55 million, resulting in a price per square foot of $115. The property spans 108,690 square feet, showcasing its substantial size in the industrial market.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $12,550,000
• Square footage: 108,690
• Price per square foot: $115
• Address: 915 North B Street, Sacramento
• Market: Sacramento

The buyer of the property is Jewell Capital LLC, while the seller is Graceada Partners. Graceada Partners' representative in the deal was Joe Muratore. The property underwent improvements, leading to higher lease rates and full tenant renewals. These enhancements likely contributed to the significant gain in value since its previous purchase.