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C&W Represents Ridge Capital Investors in $28.5 Million LeSarra Luxury Apartments

LeSarra Cushman & Wakefield jason parrCushman & Wakefield has successfully represented Ridge Capital Investors in the sale of LeSarra Luxury Apartments, Sacramento’s most luxurious multifamily property. Cushman & Wakefield Directors Jason Parr and Seth Siegel spearheaded the $28.5 Million transaction. The 117,014 square foot property is located at 2230 Valley View Parkway, El Dorado Hills, CA 95762.

El Dorado Hills
El Dorado Hills, CA, is among the most affluent and strongest submarkets in the Sacramento region, and the 105-unit multifamily community is situated less than a half mile from the town’s vibrant downtown retail district (El Dorado Hills Town Center).
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Most Luxurious Multifamily Property in Sacramento
Built in 2013 as luxury condos with ultra high-end finishes, LeSarra is the highest quality multifamily property in Sacramento and newest community in El Dorado Hills. The Property features modern spacious floor plans, gourmet kitchens with granite countertops and stainless steel appliances, private patio and balconies, walk-in closets, private garages for each unit, and full-size washers and dryers in every unit.

As an extra luxury, residents have access to a long list of premium amenities and conveniences including a resort style pool and spa, clubhouse, barbecue area, fire pit, playground, state-of-the-art fitness center, and abundant parking.

Walking Distance to Downtown Retail District
LeSarra is a short walk to El Dorado Hills Town Center, a one million square foot shopping, dining and entertainment district at the center of town. It includes local and national retailers, cafes, restaurants and bars, an IMAX movie theater, a hotel, a gourmet market, professional and medical offices, a public amphitheater, dramatic fountains and waterways, and expansive public walkways and plazas.

kitchenAccording to Jason Parr: “ LaSarra was unquestionably the single most luxurious multi family assets available in this region. There are currently only two other existing Class A multifamily properties in El Dorado Hills (both built in the early 2000’s), but none built to the interior finish and pristine level as Lesarra. As a result, replicating a multifamily property like Lesarra in today’s market is extremely difficult and cost prohibitive. In my estimation, this property will remain the premier multifamily property in El Dorado Hills well into the foreseeable future. It was a pleasure representing this transaction on behalf of Ridge Capital Investors.”

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