Blue Ravine

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Blue Ravine

151 Blue Ravine Road, Folsom, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and repositioning
Size: 79,000 square feet
Capital Structure: RC Blue Ravine, LLC., Private equity – internally managed discretionary fund

151 Blue Ravine Road was a successful Ridge Capital project. The site had a strong history of corporate tenancies but was in need of updating and several repairs. Situated on a 6.60-acre parcel in Lake Forest Tech Center – a prominent business park in Folsom, California the project was formerly occupied by Cal ISO the operator of the state’s electrical grid. The building offered infrastructure advantages, and Ridge undertook a major demolition project to open up the interior to show off the structure and high ceilings. In addition to the demolition, Ridge Capital completed several capital repairs including roof and rafter repairs, landscape work and concrete wall repairs. The building’s amenities combined with the open interior and upgrades attracted VSP a publicly traded company who purchased the building in January of 2014 at a significant profit to Blue Ravine investors.