Tower Investments Adds Point West Plaza to Portfolio
By CoStar-Mike Rustvang
January 22, 2018
Real Estate Investment and Development Company Buys Sacramento Office Bldg. for $8 Million
Tower Investments, a Woodland, CA-based real estate investment and development company, has purchased the Point West Plaza in Sacramento from the Dan Caputo Co.
The two-story office building, located at 1900 Point West Way, sold for $8.05 million, or about $142 per square foot.
The property delivered in 1974 but went through renovations in 2008. It sits in close proximity to the Arden Fair Mall and the Capital City Freeway, which provides easy access to the rest of Greater Sacramento. The building totals 56,856 square feet and was 89% occupied at closing.
Kevin Partington and Sean Mullen of Cushman & Wakefield represented Dan Caputo Co. in negotiations.
Please see CoStar COMPS #4086996 for more information on this transaction.
