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3900 Lennane Drive

2919 Prom R&T LLC Acquires Office Building From Glen Yonekura In Sacramento For $6M
SOLDOffice

2919 Prom R&T LLC Acquires Office Building From Glen Yonekura In Sacramento For $6M

3900 Lennane Drive

$6,000,000

$130/SF

Building Size

46,149 SF

Asset Type

Office

Closing

Aug 12, 2025

AI

The office building located at 3900 Lennane Drive in Sacramento has a sale price of $6,000,000 and spans 46,149 square feet. This property has an impressive price per square foot of $130 and is fully leased, including tenants such as Golden Bay Mortgage Group, Exact Staff, and Refined Realty Group. The asset has been renovated since its prior ownership, previously purchased by GPR Ventures for $4.235 million in 2019.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,000,000
  • Buyer: 2919 Prom R&T LLC
  • Seller: Glen Yonekura - GPR Ventures
  • Market: Sacramento
  • Sale Date: 08/12/2025
  • Brokers: Matt Post, Sammy Cemo, Anthony DeLorenzo & Tony Whittaker - CBRE
  • Square Footage: 46,149
  • Price Per Square Foot: $130

The transaction involves key representatives from CBRE, including Matt Post, Sammy Cemo, Anthony DeLorenzo, and Tony Whittaker, who facilitated the sale between the buyer, 2919 Prom R&T LLC, and seller, Glen Yonekura of GPR Ventures. Their expertise contributed to the execution of this significant property deal in Sacramento.

Players

Anthony DeLorenzo

CBRE

Broker

$2B

vol

119 deals

Broker
CBRE
CBREBrokerage

Sacramento Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93