Koreana Management LLC Acquires 24,133 SF Office Building In Sacramento For $3.65M

Ethan Conrad Properties has sold a 24,133-square-foot office/industrial building located at 3127 Fite Circle in Sacramento's market of Rancho Cordova. The buyer, Koreana Management LLC, acquired the property for $3.65 million. The sale price translates to approximately $151 per square foot.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $3,650,000
• Square Footage: 24,133
• Address: 3127 Fite Circle, Sacramento
• Market: Sacramento

Race Merritt of Ethan Conrad Properties Inc facilitated the transaction as the broker representing the seller, Ethan Conrad Properties. Connor Finch also represented Ethan Conrad Properties in the deal. The buyer, Koreana Management LLC, intends to use the space for storage. In turn, Ethan Conrad Properties plans to allocate the proceeds from the sale towards the purchase of a retail property in Merced.