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Heritage Lane
1851 Heritage Lane, Sacramento, CA
| Status: |
Completed Portfolio Investment |
| Property Type: |
Office Building |
| Project Type: |
Acquisition and Repositioning |
| Size: |
60,883 square feet |
| Capital Structure: |
Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund |
1851 Heritage Lane is a well located, multi tenant office project located in the popular Point West submarket of Sacramento. This two story, garden style project was approximately 50% leased at purchase with extensive deferred maintenance. Ridge Capital completed several capital improvement projects including interior corridor refurbishment, landscaping rehab and parking lot re-seal, and an aggressive leasing program was put in place which brought the project to 100% leased. The project was sold offering meaningful returns to investors. |
