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

925 L Street
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This Office property located in CA was sold for $55,100,000 over 1 year ago. The brokers of the deal were Rob Hielscher, Erik Hanson, and Nick Deaver

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.

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Deals
  • Location
    925 L St, Sacramento, California 95814, United States925 L St, Sacramento, California 95814, United States
  • Sale Price
    $55,100,000$55,100,000
    $326 PPSF$326 PPSF
  • Area
    168,844 SF168,844 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Nick Deaver

Nick Deaver

Deals2
Sold$133.1M

Erik Hanson

Erik Hanson

Deals4
Sold$256M

Rob Hielscher

Rob Hielscher

Deals3
Sold$278.5M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Nick Deaver, Rob Hielscher & Erik Hanson DATE: 09/27/2022 ADDRESS: 925 L Street MARKET: Sacramento, CA ASSET TYPE: Office BUYER: Seagate Properties (@SeagateProperties.ae) & Cottonwood Group SELLER: Soma Capital Partners (@SomaCapital) & Hazelview Investments BROKERS: Rob Hielscher, Erik Hanson & Nick Deaver (@NDeav) - JLL Capital Markets (@JLL) SALE PRICE: $55,100,000 SF: 168,844 ~ PPSF: $326

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