Address: 330-40 Rancheros Drive
Year Built: 1989
Building SF: 153,282 SF
Acquisition Date: April 2021
Projected Hold Period: 4 Years
Multi-use, multi-tenant light industrial project with over 470 feet of direct freeway frontage visible from the highly traveled HWY 78.
- Acquired a highly desirable light industrial asset at an attractive basis with potential for condominium conversion.
- Asset was at 76% occupancy at acquisition with staggered short-term lease expirations allowing strong cash-flow and flexibility while repositioning;