Located at 400 Capitol Mall in Sacramento, California, the property has a net lettable area of 500,662 sqft and currently enjoys an occupancy of 94.9% and a WALE of 5.9 years.
SINGAPORE (Sept 19): The manager of Manulife US Real Estate Investment Trust says it has entered into a purchase agreement to acquire a freehold 29-storey Class A office building in California for an estimated aggregate purchase consideration of US$198.8 million ($273.5 million).
Including the acquisition fee and the estimated professional and other transaction fees and expenses, the total cost of the acquisition is expected to come up to around US$206.1 million.
