Project Details
name The Cannery
Location Sacramento, California
Structure Non-Recourse Permanent Debt
Capital Source Life Company
Low leverage acquisition loan to purchase the historic 272,000 +/- SF Libby Cannery on the border of Midtown and East Sacramento
Long term debt from major life company
Architectural unique mixed use product that has strong future redevelopment potential
93% occupied at time of acquisition with a variety of tenants ranging from a State data center to a local fitness club
Strong sponsorship with proven track record and experience with urban redevelopment projects
The Cannery
© 2010 Mayer & Clifton Partners