Marcus & Millichap Sells Sacramento Class A Office Building for $22.3 Million
Marcus & Millichap Inc. announced the sale of 520 Capitol Mall, a Class A office building in Sacramento, for $22.3 million to the California Housing Finance Agency. This sale marks the highest price per square foot for an office asset in Sacramento's central business district since 2022. The building, originally IBM's regional headquarters, was renovated in 2003 and 2016, and includes modern amenities.
Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has announced the sale of 520 Capitol Mall, an eight-story, 80,752-square-foot Class A office building in Sacramento, California. The property was sold for $22.3 million to the California Housing Finance Agency. The sale achieved the highest price per square foot for an office asset in Sacramento’s central business district since 2022. The building, originally IBM’s regional headquarters and renovated in 2003 and 2016, features modern amenities including a fitness center, conference center, and a parking structure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
