Northgate Business Center (“Office” version)

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Northgate Business Center (Office)

4600 Northgate Boulevard, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Office
Project Type: Acquisition and repositioning
Size: 36,115 square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

Northgate Business Center is conveniently located minutes from Interstate 80 on Northgate Boulevard – a single story office building consisting of 36,115 square feet.  Purchased from an out of town owner, who had failed to undertake basic repairs, Northgate Business Center was below 50% occupied upon purchase.  Ridge Capital instituted an aggressive leasing program combined with targeted capital expenditures to bring the project to over 90% leased.  The project was sold in 2014 at attractive returns to Fund investors.