Property Near Broadway Sold to Former Partner
Source: Sacramento Business Journal
Property in a redevelopment area near Broadway in Sacramento has sold, but what happens next is still to be determined.
Escrow closed this month for 2400 Fifth St., a 24,000-square-foot parcel occupied by an active body shop. John Mudgett, a senior director at Turton Commercial Real Estate who was listing the property, said a former partner of the previous owner acquired 2400 Fifth St. Property records show Stephen Lok bought the property from Haksing Te for $700,000 earlier this month.