ZINFANDEL I & II

Location

Rancho Cordova, CA

Product Type

Office

Product Type

174,000 square feet

ZINFANDEL I & II

In partnership with a global real estate private equity firm, Strada acquired 3300 Zinfandel Drive and 10834 International Drive (Zinfandel I & II), two adjacent office buildings in Sacramento’s Rancho Cordova submarket. The properties, vacant at the time of acquisition, were purchased from a family trust in an off-market transaction at a price less than a third of replacement cost. Over the course of the next year, Strada executed a targeted capital project to renovate the buildings and re-introduce them to the Sacramento market, which had a limited supply of available space greater than 100,000 square feet. In 2015, Strada signed a 10-year lease with Blue Shield for full occupancy of both buildings, and then sold the buildings to a core buyer in 2016.