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| 1118 - 1128 7th Street, Sacramento, Ca 95814 |
Ladies and Gentlemen, do I hear $3.5 million dollars, now $3.5 million, now $3.5, will you give me $3.6 million? Don’t worry about how much you’re spending, the cashier is keeping track for you. This site at 1118 - 1128 7th Street adjacent to the arena projects is up for sale for a yet to be announced price. My inquires with the listing agency have not been returned so I'm guessing here. In 2005, 1128 7th Street sold for $3 million, so selling both 1118 and 1128 together next to the new arena should fetch a nice figure.
How could any investor not jump on this opportunity?
Going once, going twice, sold?
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| 1118 - 1128 7th Street, Sacramento, CA 95814 - Potential future hotel, residential or mixed-use site |
No wonder the recent owner never bothered fixing anything, or moved forward with a project...sounds like a "pump and dump" to me.
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