CBRE Arranges $35MM Sale of Wolf Ranch Apartment Community in Sacramento, CA

Sacramento, CA – October 9, 2017 – CBRE Capital Markets announced that it has arranged the $35 million sale of Wolf Ranch, a 17-building, 160-unit, Class A apartment community in Sacramento, California.

Marc Ross of CBRE’s Sacramento office arranged the sale on behalf of the buyer, Sequoia Equities, LLC. The property was acquired from developer/seller, Ken Stevens, and is currently 97% occupied.

“Finding owners willing to part with well-located, institutional-quality apartment properties in Sacramento has become increasingly difficult,” said Mr. Ross, senior vice president, CBRE. “We’re thrilled to be able to help Sequoia Equities grow their portfolio in the south area.”

Located at 7200 Jacinto Avenue, Wolf Ranch consists of one-, two- and three-bedroom units, with an average unit size of 1,197 square feet. Built in 2009 with condominium standards and finishes, units boast wonderful amenities such as 9-foot ceilings, granite countertops, Cherrywood cabinetry, full-sized washers and dryers, built-in microwave and dishwasher, private balcony/patio (select units), and assigned parking. Residents can also enjoy community amenities such as a swimming pool and spa, basketball court, children’s play area, fitness center, picnic and barbeque area, and concierge service.

Wolf Ranch is centrally located with convenient access to highways 99 and I-5, offering direct access to Downtown Sacramento and the Bay Area. Healthcare, groceries, parks, schools, college, dining, shopping and entertainment can all be found less than a mile from the property. The property also sits just a few miles from the 1.3-million-square-foot Delta Shores retail center currently under construction (featuring tenants such as R.C. Willey, Walmart Supercenter, Dick’s Sporting Goods, and several other national retailers).

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The Company has more than 75,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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