Landmark Building on Fair Oaks Blvd. Sells for $210 PSF

Colliers International, Sacramento,Summit Funding, commercial real estate news

2601 Fair OaksSacramento, Calif. – Colliers International’s Thomas Walcott, Senior Vice President, and Tommy O. Ponder, Vice President, have assisted both the buyer and seller of 2601 Fair Oaks Blvd. which sold for $3,050,000.

Thomas Walcott of Colliers represented the owner of the two-story, 14,506 SF office building on the corner of Fair Oaks Blvd. and Munroe Street. The property is a landmark building with prime location, extensive traffic, prestige visibility and under ground parking. The building was the former home of Summit Funding which vacated 9 months ago. The marketing period for the building spanned nearly two years as the building was put on the market early because it was known that Summit would leave at the end of their lease term.

Tommy O. Ponder of Colliers represented the buyer, an engineering firm with an industrial component.

“My client was primary attracted to the location of the property. They are targeting the higher-end employee with intentions to outsource manufacturing. They will utilize the property as their headquarters.” – Tommy O. Ponder.

About Colliers International
Colliers International is a leader in global real estate offering comprehensive services to investors, property owners, tenants and developers around the world. A subsidiary of FirstService Corporation, Colliers professionals in 482 offices worldwide are united by our spirit of enterprise—we take initiative, think creatively, collaborate to achieve and use our expertise to innovate. Our 13,500 employees embrace a culture of service excellence. We strive to deliver the best service experience in both the business results we achieve and through personal attention to exceed our clients’ expectations.

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