Marco Chavez Jr Acquires Office Assets In Sacramento For $44.5M

Chavez Management Group Inc. purchased two office assets within Natomas Corporate Center in Sacramento, Calif., for $44.5 million from Bannon Investments Ltd. The properties consist of a 12-story LEED Gold-certified building fully leased to six tenants and a three-story LEED Silver-certified facility adjacent to it. They offer convenient access to retail options and are in close proximity to downtown Sacramento and Sacramento International Airport.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,500,000
• Address: 2020 West El Camino Avenue & 2555 Natomas Park Drive
• Market: Sacramento
• Square Footage: 406,197
• Price per Square Foot: $110

Anthony Michaels from MJA Equity Investments represented Marco Chavez Jr.'s Chavez Management Group Inc. in the acquisition of the office assets, while Matt Havelock and Max Kelly from Avison Young represented Bannon Investments Ltd. in the transaction.