CBRE Facilitates $52.5 Million Sale of Multifamily Property in Sacramento

CBRE arranged the $52.5 million sale of The Lofts, a 188-unit suburban Class A multifamily community in the Natomas submarket of Sacramento, California to Jackson Square Properties.

CBRE’s Marc Ross represented the seller, Reliant Group in the transaction. Ryan Greer and Trevor Breaux with CBRE Capital Markets Debt & Structured Finance arranged the financing on behalf of the buyer.

The Lofts, located at 3351 Duckhorn Dr. in Sacramento, was built in 2004. The property features a mix of one- and two-bedroom units, with over 40% including loft-style floor plans. Select units are equipped with an attached direct access garage, 9-ft vaulted ceilings, dual-pane windows, and luxury flooring. Community amenities include a large swimming pool and hot tub, fitness center, outdoor barbeque and entertainment center, and playground.

"The continued economic growth of the Natomas submarket and the property’s location provide residents with unparalleled access to the region’s largest employment centers,” said Marc Ross, Executive Vice President at CBRE. “Sacramento’s strong demand for multifamily properties, driven by developments like the Railyards Office Complex, Innovation Park, and the highly anticipated Kaiser Railyards, further enhances the appeal of The Lofts.”

Located directly off the confluence of I-5 and I-80, the Lofts provides residents immediate access to the region’s largest employment centers including Natomas, Downtown, and Roseville/Rocklin. The Natomas submarket is also known for its abundance of retail amenities noted by over six grocery store options all less than 3-miles from the Lofts.