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Planned Sports Basement Site Downtown Sold to Group of Urban Core Developers

Source: Sacramento Business Journal

Brokers: Ken Turton

A building long planned as a future Sports Basement outlet in downtown Sacramento has sold to a partnership including members of a prominent local development firm.

The partnership, co-managed by Bay and David Miry and Steve Lebastchi of Sacramento-based D&S Development, closed escrow on the building at 730 I St. this week for $6 million.

That sale means previous owner Sports Basement appears to have dropped plans for a store, but opens up the possibility of new uses — or new development — of the site.

“The opportunity to acquire and develop a half city block in the downtown core of Sacramento is rare,” Bay Miry said in an email. “Even more rare is to find such an opportunity located within two blocks of the arena, with immediate income from 100 parking spaces, 72,000 square feet of existing building ready for value add and ample development potential.”

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