SACRAMENTO—Much-needed affordable housing is on the way to Sacramento. San Rafael-based EAH Housing recently acquired an approximately 1.27-acre site at 1901 Broadway from Sutter Capital Group.
This urban infill transit-oriented multifamily development site is in the Broadway Corridor near downtown. Currently housing a 28,415-square-foot vacant office building, the property sold for a price equating to $40,000 per multifamily unit based on EAH's development plans.
Jason Parr and Scott MacDonald with Cushman & Wakefield's Northern California multifamily advisory group represented the seller in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
