Wonderful Real Estate acquires Class B office in Calif.
RREEF Property Trust sold Class B office property near Sacramento, California. The buyer, Wonderful Real Estate paid $36.9 million for the 178,555 square foot office property. The property is fully leased to the Centene Corp.
The two two story buildings are located at 10730-10734 International Drive in Rancho Cordova. The assets are nearly 13 miles from downtown Sacramento in the Highway 50 Corridor submarket. In addition, the asset is 1.5 miles from the Lincoln Highway, just north of Mather Airport.
The properties were constructed in 2001. The buildings were formerly a Verizon customer service center until the tenant shuttered its Sacramento operations in January 2017.
According to an article in CP Executive, the property last changed hands in April 2006 when BentleyForbes sold the buildings.
Source: CP Executive
Fulya Altunyay/ [email protected]