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Teichert Inc. Acquires Office Complex From Jackson Properties For $37.3 Million In Sacramento

Property Image
SOLD
$37,300,000

California

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Office121,000 SF
Sold 12/02/2024
the dealdetailscomps
Property Image
SOLD

Teichert Inc. Acquires Office Complex From Jackson Properties For $37.3 Million In Sacramento

3600 American River Drive

See Similar Deals
Office121,000 SF
Sold 12/02/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$308
Total Square Footage:121,000 SF
Transaction Type:Sale

The property involved in this transaction is an office complex consisting of three buildings located at 3600, 3610 & 3620 American River Drive in Sacramento. The complex has a total square footage of 121,000 and was sold for $37,300,000, translating to a price per square foot of $308.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $37,300,000
  • Address: 3600, 3610 & 3620 American River Drive
  • Market: Sacramento
  • Square Footage: 121,000
  • Price Per Square Foot: $308
  • Buyer: Judson Riggs - Teichert Inc.
  • Seller: Eric Edelmayer - Jackson Properties Inc

The deal showcases Judson Riggs representing Teichert Inc. as the buyer, while Eric Edelmayer represents Jackson Properties Inc. as the seller. This acquisition marks another significant transaction for Teichert, following their earlier purchase of an industrial property in West Sacramento for $17.99 million earlier this year.

Details

SOLD
IMAGE: Judson Riggs & Eric Edelmayer DATE: 12/02/2024 ADDRESS: 3600, 3610 & 3620 American River Drive MARKET: Sacramento ASSET TYPE: Office BUYER: Judson Riggs - Teichert Inc. SELLER: Eric Edelmayer - Jackson Properties Inc SALE PRICE: $37,300,000 SF: 121,000 ~ PPSF: $308 NOTE: Teichert Inc. purchased a three-building, 121,000-square-foot office complex at 3600-3620 American River Drive in Arden-Arcade for $37.3 million from Jackson Properties. The acquisition follows Teichert's $17.99 million purchase of an industrial property in West Sacramento earlier this year.

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