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Ranch Sells for $53 Million

Multifamily Complex Sold in El Camino
By Multiple Authors - See Story
April 25, 2002 | 8:13 P.M.

Tamaron Ranch located at 2025 W. El Camino in Sacramento, CA, sold for $53 million, $66,582 per unit or $90.40 per square foot. The buyer, SI VIII, LLC, a shell company controlled by Sobrato Development Co., purchased the multifamily property from Discovery Park LP. Built in 1979, the complex consists of 796 units totaling 586,272 square feet spreading across 33 acres. Tamaron Ranch offers such amenities as two tennis courts, a pool, laundry facilities and a secured entrance. Charles DeLoney and John Dailey with CB Richard Ellis in Sacramento represented the seller, Discovery Park LP. The buyer, SI VIII, LLC, was represented in-house. By: Jacquie Kuhn & Shawn Kelson (4/26/02)

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