Capital Center II & III - Rancho Cordova, CA

DESCRIPTION & STRATEGY:

Capital Center II & III is a 531,273 square foot institutional-quality office portfolio located in Rancho Cordova, CA (Sacramento MSA). The portfolio consists of four multi-story Class A office buildings, two-two story multi-tenant office buildings and four-single story flex buildings built in 1984 and 1985 on 46.74 acres. The project was 76% leased upon acquisition with a securitized loan coming due. There is additional development potential from a 6.26 acre parking lot that is fully entitled for a 74,000 square foot office building.

The property is a well-located office campus with investment grade tenant credits and institutional ownership history. Credit tenants include Wells Fargo, Verizon and Travelers Insurance. The diverse product types can accommodate small professional tenants and large floor plate users.

This underperforming asset was acquired with an institutional equity partner from a distressed institutional seller via a servicer-approved short sale.

ADDRESS:

11090 White Rock Rd,
Rancho Cordova, CA

PROPERTY TYPE:

Commercial

SIZE:

531,273 square feet