California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rocklin Corporate Center Trades for $43M
Inverness Management, LLC acquired Rocklin Corporate Center, a two-building 220,020-square-foot Class A office project from Newport Beach, CA-based KBS Real Estate Investment Trust III for a reported $42.9 million. The property is located at 6020 and 6030 West Oaks Blvd.
The 98%-leased property’s tenant roster includes strong credit and nationally-recognized companies like Liberty Mutual Insurance, SMA Solar Technology, PG&E, and Oracle. The mix provides the buyer with stable cash flow and diversity.
NKF Capital Markets’ Grant Lammersen, Tim Walling and David Hosler represented the seller.
Lammersen says, “Sacramento’s leasing market fundamentals have rapidly improved with seven consecutive quarters of positive absorption. In addition, active tenant requirements have increased by more than 25% in total square feet of active requirements year-over-year.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


