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Creekside Oaks
1740, 1750, 1760 Creekside Oaks Drive, Sacramento, CA
| Status: |
Completed Portfolio Investment |
| Property Type: |
Office Building |
| Project Type: |
Acquisition and Repositioning |
| Size: |
178,695 SF |
| Capital Structure: |
Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund |
Ridge Capital, Inc., acquired Creekside Oaks,an established business park conveniently located off I-5 near Interstate 80, minutes from Downtown. The complex offered a professional setting with numerous amenities appealing to prospective tenants. Upon acquisition, Ridge Capital Inc. completed a capital improvement strategy to increase the project’s operating efficiency and reduce expenses, including installing new HVAC rooftop units and new energy efficient roofs. Through a targeted capital improvement and leasing strategy, Ridge Capital, Inc. successfully brought the project to 100% leased and completed a sale of the project. |
