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| Renaissance Tower at 801 K Street, Sacramento, CA |
Last week the Renaissance Tower sold in an auction for $21
million to Ethan Conrad Properties as reported by
KCRA 3. The 28-story office
building has a current occupancy rate of 27%, but the new owner plans to renovate
the office space and add restaurants into the building as well. The last time
the tower was sold was in 2016 for $80 million, so this is a good price.
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