International Drive

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International Drive

10811 INTERNATIONAL DRIVE, RANCHO CORDOVA, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and Repositioning
Size: 55,192 square feet
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

Ridge Capital, Inc. purchased this project, located in well-known Prospect Park, and completed repairs and upgrades including repainting the building exterior and completing ADA improvements in the parking areas.  The ensuing marketing and leasing program resulted in a lease to a publicly traded company and the project was subsequently sold to an investor creating attractive returns to the Fund.