Background
In 2011 Karlin Real Estate acquired an institutional-quality office portfolio located in Rancho Cordova, CA. The portfolio, located at 11000-11090 White Rock Road, consists of six multi-story Class A office buildings and four single-story, flex buildings built in 1984 and 1985. The 10 buildings total 531,273 square feet on 46.74 acres. Karlin purchased the property from an institutional seller via a servicer-approved short sale.
Investment Highlights
· Well-located office campus with investment-grade tenant credit and institutional ownership history
· Credit tenancy including Wells Fargo, Verizon, and Travelers Insurance
· Diverse product and large floor plates suitable for a variety of tenants
· Additional upside from a 6.26 acre parking lot fully entitled for 74,500 square feet
Quick Facts
Location: Rancho Cordova, CA / SF: 531,273 / Year Built: 1985 / Acres: 46.74 / Parking: 5.1 per 1,000 sf
