We are very excited to continue growing our Sacramento presence with this acquisition, which adds several unique benefits to our portfolio.
SACRAMENTO, Calif. (PRWEB) September 23, 2020
GPR Ventures has closed escrow on its 24th acquisition in Northern California with the purchase of a 33,719 square foot flex warehouse space located at 110-120 Main Avenue in Sacramento. The property is currently occupied by seven tenants from a variety of industries, and it features a combination of dedicated office space and warehouse and storage facilities. The well-maintained property requires no capital improvements, which allows GPR Ventures to focus on increasing occupancy with one or more additional tenants.
“We are very excited to continue growing our Sacramento presence with this acquisition, which adds several unique benefits to our portfolio,” said GPR Ventures co-founder and Managing Principal Phil Rolla. “The combination of office and warehouse space within one property offers a lot of advantages to the current tenants as well as opportunity for new leases.”
TWEET THIS: Real estate investment firm #GPRVentures has purchased a 33,719 sq ft flex warehouse space in #Sacramento. The property has seven tenants and features dedicated office space and warehouse facilities. #business #realestate
“This property has a strong tenant base with an outstanding occupancy history, which was very attractive to us,” said Glen Yonekura, GPR Ventures co-founder and Managing Principal. “It indicates the steady nature of the Sacramento market, especially as many other major and mid-level markets are still in a state of uncertainty.”
The property is situated in a business park setting with lush landscaping and walking paths. Buildings at the rear of the property feature large, roll-up doors and loading areas, while the front entrances are highlighted by large windows.
GPR Ventures will immediately focus on increasing tenancy at the property from its current 73% occupancy rate.
For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/.
About GPR Ventures
Founded in 2011, GPR Ventures is a privately held real estate investment firm with offices in Silicon Valley and Sacramento that specializes in providing real estate opportunities for a select group of sophisticated investors. GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results. GPR’s portfolio includes 68 buildings totaling over 2 million square feet and an additional 26 acres of land. For additional information, please visit GPRVentures.com or call (916) 921-5005.