The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 17, 2018
 Search RENTV
   Go!
 Video Programs
 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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Bay Area Office Park Trades for $43 Mil

6/26/18

Rocklin Corporate Center, a Class A, 220k sf, two-building office park located at 6020 and 6030 West Oaks in Rocklin, has been purchased by Inverness Management for $42.9 mil ($195/sf). It was sold by KBS Real Estate Investment Trust III, who acquired the property in November 2014 for $33.75 mil.

Built in 2007, the property offers tenants floor-to-ceiling windows that provide panoramic views of the Sierra Nevada Mountains. Rocklin Corporate Center is located on nearly 14 acres of land and offers over 1,000 parking spaces for tenants. Its proximity to Highway 65, Interstate 80 and public transportation provides tenants with easy access in and out of the top retail establishments in the Sacramento area.

According to Rod Richerson, Western regional president of KBS, by quickly stabilizing the asset and maintaining an average leased percentage of 96.24 percent during their hold period, the asset has generated an annual property level return to KBSí investors of 17.73 percent over their 3.5-year hold period.

Rocklin Corporate Center earned an Energy Star label for its operating efficiency with sustainable elements, including low-flow fixtures and recycled content in carpet and ceiling tiles.

Grant Lammersen of Newmark Knight Frank represented KBS in the transaction.




Return to the previous 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 © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media