The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Inverness Management LLC Buys Sacramento-Area Office Complex

6/12/18

Rocklin Corporate Center, a two-building, 220k sf office complex in Rocklin, was purchased by Inverness Management LLC. Rocklin is situated about 23 miles northeast of Sacramento. The price was not disclosed.

The Class A property is located at 6020 and 6030 West Oaks Blvd, near Hwy 65 and I-80. Rocklin Corporate Center is 98% leased to a strong credit and nationally-recognized tenant roster that includes Liberty Mutual Insurance, SMA Solar Technology, PG&E, and Oracle.

Each of the property’s largest tenants represents different industries. This provides the buyer with stable cash flow and diversity. Rocklin Corporate Center is well-positioned to benefit from widely-anticipated near-term rent growth as market fundamentals continue to strengthen in both Placer County and the Greater Sacramento region.

NKF Capital Markets Vice Chairman Grant Lammersen, Director Tim Walling and Associate David Hosler represented the seller, Rocklin Corporate Center LLC, in the transaction. According to NKF, the property is considered the best in Rocklin due to its unique campus-like setting, institutional-quality construction, and central location near both employee and executive residences.

“Sacramento’s leasing market fundamentals have rapidly improved with seven consecutive quarters of positive absorption. In addition, active tenant requirements have increased by more than 25% in total square feet of active requirements year-over-year” said Lammersen. “In addition to Rocklin, submarkets such as Folsom, Roseville, Pointe West and South Natomas continue to experience this positive momentum.”






Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media