Private Equity Firm Buys Fully Occupied Sacramento Office Building

IRA Capital, an Irvine, California-based private equity firm, has inked a deal for a medical office property in Folsom, California, for $7.35 million, or just about $335 per square foot. A locally based private individual sold the property, which sat on the market for about four years and first had an asking price of $11.9 million.