GPR Ventures has completed the sale of two light industrial buildings in Roseville which were originally purchased by the firm in 2013 as part of a four-building, 90,886 square foot property.
The work of our talented and dedicated Sacramento team positioned GPR Ventures well for the execution of this sale, and we are grateful to our partners at CBRE for brokering it.
SACRAMENTO, Calif. (PRWEB) February 02, 2021
GPR Ventures has completed the sale of two light industrial buildings totaling 44,910 square feet in Roseville. Located at 10560 and 10600 Industrial Avenue, the buildings were originally acquired by GPR Ventures in October 2013 as part of a four-building, 90,886 square foot portfolio. At the time of purchase, occupancy was at 56 percent, but has reached full 100 percent tenancy under GPR Ventures’ management.
“We are proud of our efforts around this property, including executing a series of capital improvements which led to nearly doubling tenant capacity to 100 percent,” said GPR Ventures co-founder and Managing Principal Glen Yonekura. “The work of our talented and dedicated Sacramento team positioned GPR Ventures well for the execution of this sale, and we are grateful to our partners at CBRE for brokering it.”
GPR Ventures originally purchased the two buildings as part of a four-building portfolio in October 2013 and immediately completed a wide range of renovations to the property. All buildings received new exterior paint, and upgraded landscaping was installed throughout the property. GPR Ventures also built out two shell units within the property before selling one building in late 2014. The company followed with the sale of a second building in late 2015.
Smith and Sons, LLC, a general contractor based in Washington, D.C. that specializes in site utilities, facility maintenance and security solutions, purchased the pair of buildings.
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 82 buildings totaling over 2 million square feet and an additional 26 acres of land. For additional information, please visit GPRVentures.com or call (408) 559-3300.