SAM’S CLUB GROUND LEASE SELLS FOR $15.6 MILLION

CITRUS HEIGHTS, CALIF. — Illinois-based First Acorn LLC has purchased the ground lease of a 129,346-square-foot Sam’s Club in Citrus Heights for $15.6 million. The property is situated on approximately 12.42 acres of land at 7147 Greenback Lane. Sam’s Club anchors Regency Plaza, which also includes Big Lots!, Western Warehouse and SAS Shoemakers. John Bailey, William Bailey and Jordan Apostolov of Marcus & Millichap represented the buyer; Mark Mason, also of Marcus & Millichap, represented the seller, Trestle Regency LLC, in the transaction.