8801 Folsom - Sacramento, CA

DESCRIPTION & STRATEGY:

8801 Folsom Boulevard is a classic, two-story multi-tenant suburban office building in Sacramento, centrally located at the intersection of the Highway 50 and Watt Avenue corridors.

The building was approximately 48% leased at acquisition and required repositioning to re-lease the building. The common areas were updated to contemporary standards and the vacant suites were prepared for immediate occupancy. The leasing and physical capital improvement program was instrumental in boosting the building’s occupancy to 90% within 10 months, increasing rental income and positioning the property for long-term stability.

This value-added opportunity was acquired with institutional debt and equity and sold in January 2007.

ADDRESS:

8801 Folsom Blvd,
Sacramento, CA

PROPERTY TYPE:

Commercial

SIZE:

72,539 square feet

SELL DATE:

1/4/07