Graceada Partners Spends $23 Mil on Sacramento Multifamily Property

Published at Real Estate News TV

Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a lakeside location at 1 Shoal Court, near downtown Sacramento in the highly desirable Pocket neighborhood.

Read More
Graceada Partners Pays $12.1MM for 78,400 SQFT Office Building in Sacramento

Published at The Registry Bay Area Real Estate

Graceada Partners is pleased to announce the acquisition of 2101 Arena Boulevard in Sacramento. This two-story office building is 100 percent occupied by the State of California Department of Business Oversight as their headquarters. The property was purchased for $155 per square foot while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.

Read More
Graceada Partners Pays $24M for Sacramento Community

Published at Multi-Housing News

Graceada Partners has purchased Westlake Apartments, a 148-unit apartment community in the Pocket neighborhood of Sacramento, Calif. According to Yardi Matrix, The Lily Co. sold the property for $23.5 million. The acquisition was financed with a $17.5 million loan from California Bank of Commerce.

Read More
Graceada Partners buys two assets in Sacramento

Published at IREI

Modesto, Calif.-based Graceada Partners has acquired two assets in Sacramento in separate deals. The firm acquired a two-story office building, located at 2101 Arena Blvd. It is 100 percent occupied by the State of California Department of Business Oversight as its headquarters. The property was purchased for $155 per square foot, while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.

Read More