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Rancho Cordova, Calif. — JLL Capital Markets has negotiated the $20.3 million sale of Cordova Village, a 60,617-square-foot Safeway-anchored retail center in Rancho Cordova, roughly 13 miles east of downtown Sacramento. The property features three single-tenant buildings, which were fully leased at the time of sale to tenants including Safeway, Safeway Fuel Station and Bank of America. Cordova Village was built in 2001 on 7.2 acres.
Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL’s Investment Sales and Advisory team represented the seller, McNellis Partners, in the transaction. The buyer was an undisclosed private foreign investor.