Institutionally Owned Class A Property
The project is a well-maintained and institutionally owned Class A property with freeway visibility in a suburban Sacramento sub-market. It provides an excellent low-cost alternative to rising downtown market rates and also provides better commute patterns and easier parking than higher priced downtown alternatives.
Insight implemented a capital improvement plan including new name and branding, new lobby entrance art, and a new tenant lounge and coffee and deli bar. The leasing and stabilization plan is in process and the project continues to return 5% annual distributions (paid quarterly) to all investors as projected while maintaining significant cash reserves for pending lease up and rollover.
Location: Sacramento, California
Size: 158,000 sq. ft.
Acquired: Mar 2016