Zinfandel I & II

In 2014 Strada acquired 3300 Zinfandel Drive and 10834 International Drive (Zinfandel I & II), two adjacent office buildings in Sacramento’s Rancho Cordova submarket in partnership with a private equity real estate firm. 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 sqft. 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.