Marcus & Millichap closed the sale of Highlands/80 Commerce Center, a 24,964-square-foot office property located at 4700 Roseville Rd. in North Highlands, near Sacramento. The asset sold for $1,585,000.

“We are honored to serve the Child Abuse Prevention Center (CAP-C) in their stated goal to monetize their headquarters building,” said Mark Hefner, SVP of office and industrial investments for Marcus & Millichap’s Sacramento office. “We negotiated and secured for the seller a very cost effective, reduced size office leaseback with the buyer.”

Hefner and Ross Relles III, senior associate of office and industrial investments in the firm’s Sacramento office, marketed the property on behalf of the seller, a private investor. “Both transactions were in line with this fine nonprofit’s real estate goals: to monetize their under-utilized office asset at a solid market price,” Relles said. “We secured five offers and were able to choose the best possible terms and price on the transaction which gave our seller the ability to redeploy those proceeds back into its core mission,  and to reduce CAP-C’s long-term occupancy costs for their office operations.”