879 F Street

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879 F Street

879 F STREET, WEST SACRAMENTO, CA

Status: Completed Portfolio Investment
Property Type: Industrial – Warehouse/Distribution
Project Type: Acquisition and reposition
Size: 55,000 SF
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

879 F Street is a warehouse/distribution building located in a fully fenced six building complex in West Sacramento. This project was purchased out of bankruptcy working with the court, attorneys and the Trustee for the Debtor’s bankruptcy case. Ridge Capital worked with the Trustee to vacate the existing tenants related to the prior bankrupt owner and renegotiated a attractive lease with the remaining credit tenant, implemented a capital improvement plan and successfully marketed the building to procure a new tenant for the balance of the building. The building was then sold to an investor at an attractive return for the Fund.