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CBRE Announces $92.3 Million Sale of 293-Unit Luxury Apartment Community in Natomas Submarket of Sacramento, California


SACRAMENTO, CA - CBRE announced the $92.3 million sale of Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, Calif. Stockton, Calif.-based multifamily development firm AG Spanos Companies sold the property to San Rafael, Calif.-based real estate investment firm Oakmont Properties in an off-market transaction that closed Thursday.
Marc Ross with CBRE’s Sacramento office brokered the sale. Andrew Behrens with CBRE Capital Markets’ Debt & Structured Finance group in San Francisco arranged financing on behalf of the buyer.
Located at 4100 Innovator Drive, the newly constructed community features best-in-class amenities including a rooftop deck, heated swimming pool and spa, barbecue areas, state-of-the-art fitness center, yoga studio with on demand fitness, hammock garden, gaming room and movie theater. The unit mix is comprised of upscale studio, one-, two- and three-bedroom apartments. ....

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