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2920 Kilgore Road, Rancho Cordova, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and repositioning
Size: 50,000 square feet
Capital Structure: Institutional Equity

2920 Kilgore Road was a +/-50,000 square foot, two-story office building on a 3.477-acre parcel purchased in 2013 in Prospect Park – a prominent business park in Rancho Cordova, California.  The building was home to a national insurance firm who had since vacated leaving tired and outdated tenant improvements.  Ridge Capital undertook a significant demolition project to open floor plates and bring light into the building and upgraded the building lobby and restroom core.  In addition to the interior work, Ridge Capital updated building access and exterior landscaping.  This repositioning resulted in a sale to a Bay Area investment company and above targeted return for our investors.