Capri EGM Grabs Office Complex in Sacramento Area
By
Zinfandel I & II, Rancho Cordova, Calif.
Sacramento—Capri EGM caps off a busy summer of acquisitions with the purchase of a two-building office property just outside of Sacramento in Rancho Cordova, Calif. The investment company bought the 175,000-square-foot mission critical corporate office campus, leased in its entirety to Blue Shield of California, from Strada Investment Group. According to Sacramento County records, the asset commanded just over $39.7 million.
In a prepared statement, Shelby Pruett, co-chairman & CEO of Capri EGM, said, “The acquisition is consistent with our established strategy, providing durable cash flows, escalating annual rents, and attractive risk adjusted returns over time and across a variety of market conditions and economic cycles.”…
