CBRE Arranges $6 Million Sale of Fully Leased Office Property in Sacramento

CBRE facilitated the $6 million sale of a 46,149-square-foot-office property at 3900 Lennane Drive in Sacramento, California.

CBRE’s Matt Post, Sammy Cemo and Anthony DeLorenzo, in partnership with CBRE’s Tony Whittaker, represented a private seller in the transaction. The building was sold to 2919 Prom R&T LLC.

“This transaction underscores the growing investor appetite for stabilized suburban office assets,” said Post, first vice president at CBRE. “The building offers a rare combination of long-term leases and recent capital improvements, positioning the buyer for strong upside in a rapidly evolving Sacramento office market.”

The two-story building was built in 1978 and has undergone extensive renovation. The property is fully leased with a weighted average lease term (WALT) of 5.2 years. Notably, 78% of the tenant roster comprises leases signed post-COVID, reflecting strong leasing momentum in the North Natomas submarket.

Situated across from the Target-anchored Promenade at Gateway and Truxel Gateway, the property is adjacent to Interstate 80.