GPR Ventures, a private real estate investment company based in Sacramento and Silicon Valley, closed the sale of a two-building flexible warehouse space located at 110-120 Main Avenue in Sacramento.
SACRAMENTO, Calif., September 12, 2022 /PRNewswire-PRWeb/ — GPR companiesa private real estate investment company based in Sacramento and Silicon Valley, closed the sale of a two-building flexible warehouse space located at 110-120 Main Avenue in Sacramento. The sale of the 33,719 square foot property was completed on August 19 and closely follows the July sale of a second GPR Ventures building, an industrial space in South of Sacramento.
TWEET THIS: Real estate investment firm #GPRVentures has sold two properties to Sacramentoincluding a portfolio of flexible warehouses on Main Avenue in Natomas and industrial space from one building to South of Sacramento. https://gprventures.com/
The Main Avenue property includes a combination of dedicated office space and warehouse and storage facilities and is located in a business park with lush landscaping and walking paths. The well-maintained property required no capital upgrades, allowing GPR Ventures to focus on increasing occupancy with additional tenants.
After the initial purchase of the property in September 2020 at 74% occupancy, GPR Ventures successfully reached full rental before executing the sale on August 19.
GPR Ventures sells South Sacramento industrial property
In July, GPR Ventures announced the sale of a 23,000 square foot industrial property in the Power Inn submarket of Sacramento. Located at 6201 27th Street, the building includes 10,000 square feet of office space and is situated on 1.38 acres of land. The six doors at floor level allow easy access to the entire warehouse area.
GPR Ventures originally acquired the building in January 2021. At the time of purchase, the property was fully occupied by a single tenant, who renewed his lease for another five years in 2022.
For more information on GPR Ventures and its comprehensive portfolio, visit https://www.gprventures.com/.
About GPR Ventures
Founded in 2011, GPR Ventures is a private real estate investment firm with offices in Silicon Valley and Sacramento which specializes in providing real estate opportunities to a select group of sophisticated investors. GPR Ventures utilizes a dynamic, fully developed process and acquisition-to-disposal expertise of the founders Glen Yonekura and Philippe Rolla to get consistent results. GPR Ventures’ portfolio includes 112 industrial and office properties totaling over 4 million square feet and an additional 36 acres of land. For more information, please visit GPRVentures.com or call (408) 559-3300.
Amanda AllnuttMerlot Marketing, Inc., 916-285-9835, [email protected]