University Avenue

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University Avenue

455, 555, 575, 601, 655, 701 University Avenue, Sacramento, CA

Status: Current Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and Repositioning
Size: 265,517 SF
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

The six buildings in University Park Center offer the attraction of plentiful, nearby retail amenities, a park-like setting, American River bike trail access, close proximity to executive housing and a location easily accessible from all parts of Sacramento.  Ridge Capital, Inc. has begun a significant capital improvement program including new HVAC units, building exterior and common area refurbishment, landscaping upgrades, as well as a complete renovation of the fitness center and conference center. Offering both single and two-story buildings, with spaces ranging from >1,000-15,000 square feet, there are a number of features attractive to office users.