Park Plaza

Location: Sacramento, CA
Type: Office
Price: $9,512,750

SMC provided a $9,512,750 loan to facilitate the acquisition of Park Plaza, a seven-story, 72,762 SF Class B office property located at 1303 J Street in downtown Sacramento, California. The improvements at the Property were originally constructed in 1981. The Property is located two blocks from the State Capitol which has proved to be mission critical for a consistently strong and deep tenant base of government agencies, lobbyists, trade associates, media and affiliated firms that require a presence near the State Capitol. The Property is also located across the street from the Sacramento Convention Center.