Heritage Lane

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Heritage Lane

1851 Heritage Lane, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and Repositioning
Size: 60,883 square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

1851 Heritage Lane is a well located, multi tenant office project located in the popular Point West submarket of Sacramento. This two story, garden style project was approximately 50% leased at purchase with extensive deferred maintenance.  Ridge Capital completed several capital improvement projects including interior corridor refurbishment, landscaping rehab and parking lot re-seal, and an aggressive leasing program was put in place which brought the project to 100% leased.   The project was sold offering meaningful returns to investors.