CBRE Arranges Sale of Land Site Steps from Sacramento State University

CBRE announces the sale of a 0.802-acre development opportunity steps from Sacramento State University. The land site, situated approximately 300 feet from the Hornet Crossing entrance to campus, is zoned for residential mixed used. Philadelphia-based GMH Capital Partners purchased the land from Tricap Development and will begin construction soon on a student housing development.

CBRE National Student Housing's Jaclyn Fitts, William Vonderfecht and Casey Schaefer and CBRE Sacramento Multifamily’s Marc Ross arranged the transaction on behalf of Tricap.

Current zoning allows for up to 150 units per acre and a height up to seven stories. This would be the closest purpose-built, off-campus housing community to Sacramento State.

“This site is both rare and unique in that it is located 300 feet from Sacramento State,” said Jaclyn Fitts, Director of National Student Housing. “Additionally, Sacramento State has averaged a nearly two percent annual enrollment growth since 2011, which is promising to GMH for the future development of the site.”

Located at 1325 and 1327 65^th Street, the land site is steps from popular retail including Starbucks, Jamba Juice, Pita Pit, Hoppy Brewing Company and Dos Coyotes Border Café. Additionally, the property is situated near Folsom Boulevard, Lincoln Highway and the University/65^th Street SacRT Light Rail station.