American Center

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American Center

10375, 10381, 10385 AND 10419 OLD PLACERVILLE ROAD, SACRAMENTO, CA

Status: Completed Portfolio Investment
Property Type: Office Buildings
Project Type: Acquisition and Repositioning
Size: 55,456 SF – 13,864 SF each
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

 
These four buildings in the American Center development are part of an established, well-located, multi-building park.  They were purchased in October of 2015 at significantly below market prices.   Ridge Capital negotiated with the existing tenants to renew and restructure their leases and obtained new tenants increasing net income.  All four buildings were sold to individual investors at prices substantially over acquisition costs.