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Main Avenue Industrial
161 Main Avenue, Sacramento, CA
Status: |
Completed Portfolio Investment |
Property Type: |
Warehouse Distribution |
Project Type: |
Acquisition and Repositioning |
Size: |
117,600 square feet |
Capital Structure: |
Balboa Value Fund II, L.P., Private Equity – internally funded |
Main Avenue is a 117,600 warehouse and distribution building located in the Northgate area minutes from Interstate 80 and numerous services and amenities. Ridge Capital Inc. purchased the building, performed a significant remodel including a new roof and skylights, exterior painting and interior improvements and secured a long-term lease. A sale of the building was completed to the tenant resulting in attractive returns.
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