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The Old College Try

College Greens Executive Park Sells for $5.2 Million
By Jorge Jimenez
April 5, 2002 | 3:49 P.M.

JPI XVII LP sold the College Greens Executive Park at 8785 and 8795 Folsom Blvd. in Sacramento, CA. The portfolio sale, which included a single-story, 4,926-square-foot office building and a 2-story, 37,833-square-foot office building, sold for a $5.2 million- over $121 per square foot- with a 9.5% cap rate. The two structures were built in 1980 and had a combined vacancy rate of 6% at the time of sale. Doug Finney of Cornish & Carey Commercial - ONCOR in San Mateo represented the buyers, Donald W. & Judith M. Nusbaum, Trust. By: Jorge Jimenez & Mike Pida

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