LaeRoc Funds, a Los Angeles-based investment fund, has purchased 5 Points Shopping Center in a Sacramento, Calif., suburb for an undisclosed price.

The 50,140-square-foot retail asset, sold by Stockton, Calif.-based Progenitor Holdings Co., is located at 5100 Arden Way in the city of Carmichael.

At the time of sale, 5 Points Shopping Center was 100 percent leased at the time of sale by tenants that included 24 Hour Fitness, Hollywood Video and Coldstone Creamery.

This is LaeRoc’s second retail purchase in the Sacramento area. In 2006, it acquired the 432,000-square-foot Country Club Plaza shopping mall for $57.8 million.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription