RT Sells Arden Land For Apartment Development

The Sacramento Regional Transit District has sold a 2.81-acre site on Arden Way to a group planning to develop affordable housing there.

The properties, 880/924/936 Arden Way, sold earlier this month for a combined $821,818, according to property records.

Ken Turton of Turton Commercial Real Estate, who was marketing the property on behalf of Regional Transit, said he fielded higher offers. But those offers came with concepts for the property that didn’t fit what transit agency directors hoped to see, he said.

“We’re achieving the highest price deliverable for creating transit-oriented development,” Turton said, “RT wants to enhance public transportations.”