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2951 Thomas Place2951 THOMAS PLACE, WEST SACRAMENTO, CA
2951 Thomas Place is a recently completed warehouse/distribution building in Southport Business Park. The building’s ample skylights, 30 dock loading doors and abundant concrete trailer and passenger areas made it an ideal facility for an international furniture distributor, who purchased the building for their own use. The sale of this building was completed in late 2017, exceeding the business plan for this project. |
Completed Industrial
Oates Drive
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Oates Drive2980 OATES DRIVE, WEST SACRAMENTO, CA
Oates Drive is a 203,946 SF warehouse/distribution building, developed in Southport Business Park. This project was |
2959 Thomas Place
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2959 Thomas Place2959 THOMAS PLACE, WEST SACRAMENTO, CA
2959 Thomas Place is a newly developed warehouse/distribution building in Southport Business Park that was built on a spec basis and recently sold to a large international company as an owner/user. The attractive location in West Sacramento minutes from major freeway systems and the construction ideally suited a warehouse/distribution use attracted the interest of this corporate user. The project offers 30’ clear heights, upgraded sprinkler/electrical systems, and ample dock doors. The sale was achieved shortly after completion of construction. |
Carlin Drive
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Carlin Drive3510 CARLIN DRIVE, WEST SACRAMENTO, CA
Carlin Drive is a 387,420 sf warehouse/distribution facility currently under construction that has been leased in its entirety to a Fortune 500 company on a build-to-suit basis. The building’s advantages include 36’ foot clear heights, 43 per side, cross-dock layout, with 56’ interior column spacing. The location in Southport Business Park with access to international distribution corridors of I-5 and Highway 80 also helped attract the full building lease. |
Mulvany Place
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Mulvany Place3030 Mulvany Place, WEST SACRAMENTO, CA
3030 Mulvany Place was a build-to-suit completed to allow the consolidation of Core-Mark International’s northern California operations. This recently developed 249,048 sf concrete tilt up warehouse/distribution facility was built to meet Core-Mark’s needs with 30’ foot clear heights, 55’ X 56’ column spacing and 38 dock high doors. In addition to the new custom built facility, Core-Mark was attracted by the close proximity to major transportation networks and the established business park environment. |
Massie Court
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Massie Court3600 MASSIE COURT, WEST SACRAMENTO, CA
Massie Court was a newly developed 474,792 sf concrete tilt up warehouse/distribution facility that was leased prior to completion by Nor-Cal Beverage Co. The building attracted Nor-Cal with 36’ foot clear height, 50 X 56 ’ column spacing and 112 cross-dock loading doors. The building was appealing due to the physical features in addition to the convenient location minutes from the deep water port, three miles from Highway 50 / Interstate 80 and minutes from I-5. |
825 F Street
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825 F Street825 F STREET, WEST SACRAMENTO, CA
825 F Street is a warehouse/distribution building located in West Sacramento within minutes of Interstates 80, I-5, and downtown Sacramento. Located in a fully enclosed, six building complex, this project was purchased at an attractive price and a capital improvement plan was implemented to improve its market appeal to tenants and owner/users. Ridge Capital, Inc completed two new leases and then accomplished the sale of the building to an investor exceeding investment goals for the project. |
879 F Street
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879 F Street879 F STREET, WEST SACRAMENTO, CA
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 vacated 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 outperforming investment projections for this project. |
Main Avenue Industrial
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Main Avenue Industrial161 Main Avenue, Sacramento, CA
Main Avenue is a 117,600 warehouse and distribution building located in the Northgate area minutes from Interstate 80 and numerous services and amenities. Ridge Capital Inc. purchased the building, performed a significant remodel including a new roof and skylights, exterior painting and interior improvements and secured a long-term lease. A sale of the building was completed to the tenant resulting in attractive returns. |
Northgate Business Center (“Industrial” version)
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Northgate Business Center (Flex)4610 – 4650 Northgate Boulevard, Sacramento, CA
Northgate Business Center is a six building flex-industrial complex conveniently located minutes from Interstate 80, Interstate 5 and the Sacramento Airport on Northgate Boulevard in Sacramento. Northgate Business Park is adjacent to numerous services and amenities including hotels, restaurants and shopping. The Project offers industrial/flex users a convenient environment with office and warehouse space, grade level roll up doors in a professional business environment. |
Napa Valley Crossroads
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Napa Valley CrossroadsNapa, CA
Napa Valley Crossroads is a two building, state of the art industrial warehouse project catering to the Napa Valley wine industry. Located at the intersection of California State Highways 12 and 29, the project provides both high identity and ready access to the Napa Valley and Interstate 80. The project originated with the acquisition of three existing industrial buildings totaling 48,050 square feet plus 15.56 acres of land. The existing buildings were renovated, subdivided and then sold to a local craft brewery. Two high image industrial buildings (150,124 and 163,537 square feet, respectively) were designed and constructed on the remaining land. These new buildings were developed with construction specifications and architectural features designed to attract wine industry tenants. The project is leased to Trinchero Estate (Sutter Home), Collotype and Vinlux. |
Seaport 185
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Seaport Industrial Center2939 & 2885 Seaport Boulevard, West Sacramento, CA
Seaport Industrial Center consists of two state of the art industrial distribution facilities located in the Port of Sacramento Area Industrial Park, the area’s premier industrial business park. The 2939 Seaport Boulevard building contains 135,000 SF and became a build to suit for Raley’s institutional bakery. The 2885 Seaport Boulevard building features a cross-dock configuration and contains 182,000 SF. It is presently leased to PFX Pet Supply, Mission Foods, and Standard Register. Both buildings feature 30’ minimum clear height, ESFR sprinkler systems, ample truck doors, and generous maneuvering areas. |
Tide Court
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Tide Court Distribution Center1680 & 1660 Tide Court, Woodland, CA
Tide Court Industrial Center consists of two state of the art industrial distribution facilities located on Tide Court in the City of Woodland. The 1680 Tide Court building contains 427,000 SF and became a build to suit for Advanced Marketing Services, Inc. The 1660 Tide Court was developed as a spec building and became 100% leased to Amerimax Building Products, Inc. and a third party logistics provider for Glidden Paint. These cross-dock buildings feature 30’ minimum clear height (1680 Tide Court is 32’ min.), ESFR sprinkler systems, ample truck doors, trailer drop areas, and generous maneuvering areas. |
Laguna Creek Industrial
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Laguna Creek Ranch Industrial Park3132 Dwight Road, Elk Grove, CA
The Laguna Creek Ranch Industrial Park is a two-building industrial project located in Elk Grove, CA (a Sacramento submarket) that offers ready access to Interstate-5. The Company acquired the project off-market from Lincoln National Life Insurance Co, which had begun repositioning the project into a multi-tenant facility by demising the buildings into smaller suites. After acquiring the project, the Company continued repositioning it, and was successful in leasing it in smaller increments and securing higher rents than bulk space commanded, which increased the project’s current and pro forma capitalized value. After stabilizing the project, the Company decided to liquidate the property given aggressive market valuations at the time. |
Commerce Business Park
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Commerce Business Park165 – 193 Commerce Circle, Sacramento, CA
Commerce Business Park is a four-building warehouse/light industrial project situated in a prime Sacramento location, offering immediate access to Interstates 5 and 80, and state highways 99 and 160. The Company acquired the project from a large industrial REIT that was liquidating non-core assets it had acquired in a merger. The project suffered from significant deferred maintenance, mismanagement, and rents that were well below market. The Company re-roofed and painting the buildings, re-surfaced the parking lot, and made a number of other physical upgrades to the project. To allow the buildings to be sold individually and capture the break-up value of the portfolio, Company negotiated lease buyouts with tenants representing 62% of the project’s leasable area, and recorded a reciprocal easement and maintenance agreement. The Company sold two buildings approximately 4 months after acquiring the project, a third building in 6 months, and the fourth building in 11 months. |
Vista Business Park
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Vista Business Park539 – 541 Vista Boulevard, Reno, NV
Vista Business Park was built in 2006 and was designed as an industrial flex project consisting of two industrial buildings totaling 112,622 square feet and subdivided into condominium units. This project is located in Sparks, Nevada, which was hit hard by the recession. Balboa Value Fund purchased the remaining 6 condominium units and a 7.63 acre parcel in 2009 and in 2011 sold the land at an attractive price significantly reducing risk and the capital investment. Working closely with the brokerage community, Ridge Capital was able to procure buyers for the remaining condominiums, selling the last unit in early 2016. |