Search
 

CT Realty Buys 85,742 SF for $5.4 Mil

SACRAMENTO, CA-The two-story building was partially vacant at the time of the sale and CT Realty has assigned Kurt Munger of Cornish & Carey to negotiate new leases for the open space.

By Michelle Savage | Updated on August 10, 2001

SACRAMENTO-A multi-tenant building here at 9719 Lincoln Village Dr. has changed ownership without even hitting the market. Brokers found the two-story, 85,742-sf building based on specific requests from the buyer, CT Realty Corp. of Newport Beach, and negotiated a deal valued at $5.4 million. The seller was Lincoln Village Park LLC.

Bill Bouldin and Glenn English of Bouldin & English, along with Greg Meyer of Brown, Stevens, Ellmore & Sparr worked as a team in locating and arranging both sides of a deal for the 2-story, 85,742 SF complex, which consists of 6 buildings. “The buyers were looking for property that had value-added prosperity,” said Bouldin. “This particular buyer likes to buy buildings that need work. That was a motivating factor.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.