KOHL’S PROPERTY IN RANCHO CORDOVA SELLS FOR $11.1M

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SACRAMENTO, CALIF. – A 76,158-square-foot property in the Sacramento submarket of Rancho Cordova has sold to a Chicago-based private investor for $11.1 million. The property is triple-net leased to Kohl’s. The space is located near the intersection of U.S. Highway 50 and Rancho Cordova Light Rail Station. Notable tenants in the area include Super Target, Wal-Mart, Anna’s Linens, PetSmart, Michaels, Walgreens and U.S. Bank. Kohl’s has 15 years remaining on its lease. Nicholas Coo, Matthew Mousav and Patrick Luther of Faris Lee Investments represented the seller, American Realty Capital (ARC), in this transaction. The buyer represented itself.

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