Ethan Conrad Properties Secures $25 Million Refinance From WaFd Bank For 770 L Street Office

The 770 L Street office building is located in downtown Sacramento, California. This property encompasses 170,267 square feet and consists of 14 stories. It has been certified as LEED Gold and is currently anchored by the California High-Speed Rail Authority, which occupies 82,774 square feet. The refinancing amounted to $25 million, following the acquisition of the property for $22.5 million in 2024.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 770 L Street, Sacramento, CA
• Lender: WaFd Bank
• Landlord: Ethan Conrad - Ethan Conrad Properties
• Lease Area: 82,774 square feet
• Leasing Company: CBRE

Ethan Conrad Properties secured refinancing from WaFd Bank for the office building. This refinancing highlights the financial backing and ongoing investment in this asset, reflecting the landlord's strategy to leverage the property’s potential in the competitive downtown market of Sacramento.