Ventas recently acquired Sutter Medical Plaza in Sacramento, Calif., for $54 million.
Photo courtesy of Separovich/Domich
Sutter Medical Plaza occupies repurposed Libby’s cannery
Ventas Inc. (NYSE: VTR) recently paid $54 million for a large medical facility at 1625-1631 Stockton Blvd. in Sacramento, Calif. With 143,210 square feet of space, the building, Sutter Medical Plaza, sold for $377 per square foot (PSF).
Real estate research firm Real Capital Analytics (RCA) Inc. reports that the seller was Separovich/Domich, a local real estate development firm. Ventas was represented in the transaction by a local office of Colliers International, while the seller was represented by Colliers and a local office of CBRE Group Inc. (NYSE: CBG).
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