Cypress Properties Buys Again in Old Sac, for $3.8 Million

After Cypress Properties Group LLC had success with its first Old Sacramento building purchase, it’s picked up another to see about extending the run.

A two-story, 19,308-square-foot building at 1200 Second St. sold Feb. 15 to Bay Area-based Cypress Properties for $3.8 million, according to brokers on the deal.

Ken Turton of Turton Commercial Real Estate said the property, sold off market, fit with Cypress’ pattern for renovating buildings in overlooked areas.

“They saw Old Sacramento as an undervalued part of the urban experience in Sacramento,” said Turton, whose firm handled the sale.