
West Sacramento tabs Turton Commercial Real Estate to market former Club Pheasant
Source: Sacramento Business Journal
Brokers: Ken Turton
With a commercial real estate firm to market the property now in place, the historic former Club Pheasant in West Sacramento is one step closer to a new future. West Sacramento City Council selected boutique firm Turton Commercial Real Estate on Wednesday to market the 111-year-old-property at 2525 Jefferson Blvd. for a new developer or concepts for its next use.
Built in 1912, the 2.15-acre property is developed with a 7,500-square-foot primary building and a 3,000-square-foot secondary building. Turton said the city is looking for a use that provides community benefit, most likely experiential retail but with housing not ruled out. Maintaining the building’s historic significance will also be critical, he said, noting that during its 87-year run as Club Pheasant, the restaurant was known both for its pasta making as well as being a gathering spot for movers and shakers in West Sacramento. But while a huge kitchen is among the selling points, he said the next owner will also need to invest in a total property makeover. Still, Turton expects there to be plenty of interest from the development community.
Most likely, Turton Commercial will issue a call for offers on the property for a set period. Exact timing will be determined once the brokerage does more due diligence on the property itself and any attached conditions, he said.
West Sac’s council approved a $100,000 contract for Turton Commercial to market the property, selecting them from three possible bidders.