Umpqua Bank Bldg. Fetches $2.1 Million
NNN-Leased Retail Bldg. in Rocklin Trades for $518 PSF
October 26, 2009
Barbara and Howard Adler purchased 6061 Stanford Ranch in Rocklin, CA, from Randy Ramirez for $2.1 million, or about $518 per square foot.
The 4,051-square-foot retail building was completed this year and is 100 percent triple-net leased by Umpqua Bank for 15 years.
Vern Park of Sierra Pacific Retail Group represented the buyers. Jim Dennis of Colliers International represented the seller.
For more information on this transaction, please reference CoStar COMPS #1799183.