DEPT OF CONSUMER AFFAIRS

Tenant

The State of California

Location

Rancho Cordova, CA

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

49,337 SQ FT

Property Type

Office

Year Built

1993 | Renovated 2013 - 2017

Lot Size

3.477 Acres

Status

Sold

NEW LEASE WITH STATE OF CALIFORNIA
First-generation lease with State of California

INVESTMENT GRADE CREDIT
State of California maintains an AA- credit rating from S&P

LEED SILVER CERTIFICATION
Designed and constructed to achieve LEED Silver Certification

SIGNIFICANT TENANT IMPROVEMENTS
Extensive tenant improvements totaling over $3.3 million

LOCATED IN SACRAMENTO MSA
Located in the state capital city of Sacramento, the 3rd-fastest growing MSA in California

The State of California Department of Consumer Affairs building is 100% occupied by the State via a new first-generation lease. Located in the Sacramento MSA in Rancho Cordova, this facility is certified as LEED Silver, and received significant tenant investment into the building with improvement costs exceeding $3.3 million.