Katherine And Felipe Martin Of Martin Brothers Construction Acquire Sacramento Office For $6.77M

The office building located at 2750 Gateway Oaks Drive in Sacramento comprises 81,391 square feet and has been acquired for a total price of $6,770,000. Previously, the property was under receivership and was close to being auctioned earlier this year. Leasing activity has improved, with the building 50% leased in February, and currently only one suite remains available as per a May listing.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,770,000
• Square Footage: 81,391
• Price Per Square Foot: $83
• Buyer: Katherine Elizabeth Martin & Felipe Martin - Martin Brothers Construction
• Seller: Gateway Oaks LLC
• Brokers: Michael Stassi & Daniel Baker - JLL

Felipe and Katherine Martin, associated with Martin Brothers Construction, completed the transaction, emphasizing their role in the deal. Michael Stassi and Daniel Baker from JLL represented the brokers involved in this transaction.