JLL Capital Markets arranged a $34.115-million construction-to-perm loan for SixSixty, a Class A medical building totaling 124,076 square feet in downtown Sacramento. Senior managing directors Jeff Sause and John Chun worked on behalf of the borrower, the joint venture of Revitate’s opportunity zone platform, RevOZ Capital and Argosy Real Estate Partners, to secure the seven-year loan through Siemens Financial Services.

SixSixty is located at 660 J St. in Sacramento’s Downtown Commons entertainment and lifestyle district. The area has benefitted from a substantial transformation over the past decade through the development of the award-winning Golden1 Center and Downtown Commons retail and entertainment district, among other attractions and luxury hospitality destinations, according to JLL.

Originally built in 1984, SixSixty was fully renovated following the borrower’s 2020 acquisition. 97% of the property’s rentable square footage was recently leased to one of the largest health systems in the nation.

SRS Real Estate Partners recently closed the $2.7-million ground lease acquisition of a Dutch Bros property located at 4085 Cameron Park Dr. in Cameron Park, a suburb of Sacramento. Built in 2024, the 950-square-foot property is situated on 0.87 acres and has a new, 15-year, absolute triple-net corporate-guaranteed lease in place.

VP Alexander Moore represented the buyer, a Sacramento-based private investor who was in a 1031 exchange. The seller was an Oregon-based investment group.

“This investment was ideal for my client as it provided them with a cash-flowing opportunity to have a ground lease with Dutch Bros, a fast-growing drive-thru coffee chain in the affluent Cameron Park area,” said Moore. “It is also proximate to Cameron Park Place Shopping Center and one block away from US Highway 50, providing an excellent location for consumer activity.”

Marcus & Millichap arranged the sale of Starbucks, a 3,500-square-foot net-leased property located at 9660 Kiefer Blvd. in Sacramento. The asset sold for $2,550,000.

“The property was a newly constructed single-tenant building with a 15-year corporate net lease to Starbucks,” said Yuri Sergunin, first VP investments in Marcus & Millichap’s Palo Alto office.

The buyer, an individual/personal trust, was procured by Sergunin and J.J. Taughinbaugh, SVP investments, in Marcus & Millichap’s Palo Alto office. The seller was represented by Cushman & Wakefield. The transaction included a 1031 exchange for the buyer.

The property rests in a high-visibility location near the signalized four-way intersection of Kiefer Boulevard and Bradshaw Road and is three miles from the Sacramento VA Medical Center and Sacramento Mather Airport.