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Northgate Business Center (Office)
4600 Northgate Boulevard, Sacramento, CA
| Status: |
Completed Portfolio Investment |
| Property Type: |
Office |
| Project Type: |
Acquisition and repositioning |
| Size: |
36,115 square feet |
| Capital Structure: |
Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund |
Northgate Business Center is conveniently located minutes from Interstate 80 on Northgate Boulevard - a single story office building consisting of 36,115 square feet. Purchased from an out of town owner, who had failed to undertake basic repairs, Northgate Business Center was below 50% occupied upon purchase. Ridge Capital instituted an aggressive leasing program combined with targeted capital expenditures to bring the project to over 90% leased. The project was sold in 2014 at attractive returns to Fund investors. |
