Office deal closes in Sacramento

Space approaches 100,000 square feet

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Grubb & Ellis/BRE Commercial brokered the sale of a three-story, multitenant office building in Sacramento, Calif. The value of the transaction was $13.6 million. The 98,576-square-foot office building, built in 1985, is located at 2525 Natomas Park Drive. At the time of sale, the building was 72 percent leased to approximately eight tenants, including ERM, Farmers Rice Cooperative and Sacramento's largest employer, the State of California. Privately held Touchstone Investments sold the property to TA Associates Realty. San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....