Seagate Properties & Cottonwood Group Acquire Office Building In Sacramento For $55.1M

The property at 925 L Street in Sacramento, CA was recently sold in a transaction involving Seagate Properties and Cottonwood Group as the buyers, and Soma Capital Partners and Hazelview Investments as the sellers. The sale was facilitated by Rob Hielscher, Erik Hanson, and Nick Deaver from JLL Capital Markets.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $55,100,000
• Square Footage: 168,844 SF
• Price Per Square Foot: $326
• Market: Sacramento, CA

This deal showcases the collaboration between Seagate Properties, Cottonwood Group, Soma Capital Partners, and Hazelview Investments in the purchase and sale of the office property. With a total area of 168,844 square feet, this transaction was closed at a price of $55,100,000, resulting in a price per square foot of $326. The property is located at 925 L Street in Sacramento, CA, which is part of the local market.