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Building for sale one year after purchase
A company that bought an office building in Sacramento last year for $32 million is about to offer it for sale at a price of $40 million.
A run-up of $8 million in less than two years would mean a tidy profit for SSR Realty Advisors, a N.Y.-based subsidiary of Metropolitan Life Insurance Co.
SSR Realty bought the building at 1801 30th St. from Japanese investors, who had held the building since 1990 and right through a devastating downturn in the office market. The Japanese investors wound up selling it at a loss.
Today, the office market is thriving.
"They will sell it," said Peter …