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Newmark Knight Frank Brokers $36.2M Sale of The Luxe Multifamily Asset in Sacramento

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The Luxe in Sacramento, Calif., features 220 apartments, a swimming pool and spa, fitness center and clubhouse.

SACRAMENTO, CALIF. — Newmark Knight Frank (NKF) has arranged the sale of The Luxe, a gated apartment community in Sacramento. ColRich acquired the asset for $36.2 million from Southern California-based Latitude Real Estate Investor. The off-market transaction included two loan assumptions and was a 1031 exchange for ColRich.

Totaling 164,840 square feet, The Luxe features 220 apartments, a business center, clubhouse, courtyard, fitness center, swimming pool and spa. Located at 2501 Hurley Way in Sacramento, the property comprises two separate parcels: 2501 Hurley Way and 2510 Wittkop Way.

Zachary LeBeouf and Anthony Pappageorge of NKF represented the buyer in the deal.

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