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SACRAMENTO, CA-Oaktree Capital Management of Los Angeles sells 801 K. St. to Triple Net Properties LLC of Santa Ana, CA for $65.5 million. The 16-year-old Downtown office building is 60% occupied by the state Department of Conservation and has about 12% vacancy.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
May 14, 2025
It comes as the building could have 300,000 square feet of extra vacant space.
May 14, 2025
The market shows early signs of stabilization, but there were increases in delinquency and special servicing rates.
May 14, 2025
Performance has depended on migration and job creation, but state and local policies have also had an impact.
