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Regional Developer Sells Newly Built 7-Eleven in Sacramento, California

A Private Investor Acquired the 4,650-Square-Foot Property From SKW Capital Management
Convenience store 7-Eleven will occupy 3311 El Camino Ave. (shown above) for the duration of a 15-year lease. (Yuras Aicale Forsyth Crowle)
Convenience store 7-Eleven will occupy 3311 El Camino Ave. (shown above) for the duration of a 15-year lease. (Yuras Aicale Forsyth Crowle)
By Monica Splain
January 22, 2024 | 10:47 P.M.

SKW Capital Management — a real estate developer with properties across California — has sold a 4,650-square-foot retail building in Sacramento, California, to Newport Taft Inc., a private investor based out of San Diego, for $8.38 million, or roughly $1,800 per square foot.

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