Downtown Sac Building Sold as Opportunity Zone Investment
Source: Sacramento Business Journal
Brokers: Ken Turton
An opportunity zone investor has plunked down $5.5 million to acquire a vacant property in a redeveloping part of downtown Sacramento.
Bauen Fund 2018-830 LLC bought the 55,784-square-foot building at 830 K St. last Friday, according to Turton Commercial Real Estate.
Ken Turton, one of four brokers on the deal, said the group bought the vacant, four-floor building specifically to take advantage of tax breaks for “opportunity zones” created under the 2017 federal tax law.