Sacramento, CA – May 24, 2016 – CBRE Capital Markets announces the recent sale of River Walk Villas, a Class A multifamily community located in Sacramento, California. The 65-unit garden style community sold for $9.8 million, or $150,769 per unit, in an off-market transaction. The seller was McCali, LLC and the buyer was Efren R. Cota, LTD. Marc Ross of CBRE’s Sacramento multifamily team brokered the transaction.
“River Walk Villas represents a rare combination of newer construction with a full amenity package, all offered in a smaller deal size,” said Mr. Ross, Senior Vice President, Multifamily, CBRE. “It’s location less than ten minutes from the new Golden One Center positions the property well to attract renters who want proximity to Downtown Sacramento’s resurgence without paying downtown rental rates.”
River Walk Villas was built in 2007 and features one and two bedroom floor plans with high-end finishes including granite countertops, stainless steel appliances, hardwood floors, vaulted ceilings, and full-size washer/dryer. Community amenities include a fitness center, swimming pool, spa, gas BBQ/picnic area, and leasing office. Located along Garden Highway in South Natomas, the property offers immediate access to Interstates 5 & 80, Sacramento’s Central Business District, the Sacramento River, and the Arden Fair Regional Mall.
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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.