Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has announced the sale of 520 Capitol Mall, an eight-story, 80,752-square-foot Class A office building in Sacramento, California. The property was sold for $22.3 million to the California Housing Finance Agency. The sale achieved the highest price per square foot for an office asset in Sacramento's central business district since 2022. The building, originally IBM's regional headquarters and renovated in 2003 and 2016, features modern amenities including a fitness center, conference center, and a parking structure.
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