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879 F Street
879 F STREET, WEST SACRAMENTO, CA
| Status: |
Completed Portfolio Investment |
| Property Type: |
Industrial – Warehouse/Distribution |
| Project Type: |
Acquisition and reposition |
| Size: |
55,000 SF |
| Capital Structure: |
Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund |
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. |
