Market Overview

GPR Ventures completes purchase of 79,200 square foot property in Lincoln

Share:

Industrial building is 100 percent occupied with two tenants

SACRAMENTO, Calif. (PRWEB) August 24, 2020

GPR Ventures has closed escrow on the purchase of a 79,200 square foot property located at 1501 Aviation Blvd. in Lincoln. The building is currently 100 percent occupied by two tenants, including the local field office and repair center for business-jet aircraft developer Gulfstream Aerospace Corp. and Sacramento Valley RV, a family-owned RV service company. The acquisition is the 23rd purchase for GPR Ventures, whose total portfolio is primarily comprised of commercial developments in Sacramento County and Placer County.

"Lincoln is a thriving community with strong growth potential, and we are excited to expand our footprint further in Placer County and the region with this acquisition," said GPR Ventures co-founder and Managing Principal Phil Rolla. "The combination of a well-maintained building with a strong tenant base drew us to this property, and we are committed to actively supporting its upkeep."

TWEET THIS: Real estate investment firm #GPRVentures has purchased a 79,200 sq ft property in Lincoln, marking the 23rd purchase for the company within the #Sacramento region. The building is 100 percent occupied with 2 tenants. #business #commercial #realestate

"Sacramento holds a promising future, even in the midst of so much uncertainty for the industry," said Glen Yonekura, GPR Ventures co-founder and Managing Principal. "While many other major and mid-level markets are experiencing a downturn, Sacramento continues to grow and provide new opportunities, which is incredibly positive for the market."

Planned Capital Improvements

GPR Ventures expects to complete a full roof replacement in the coming weeks. Additional maintenance needs, such as asphalt repairs and HVAC replacement, will be completed as needed. Landscaping upgrades will include tree trimming to enhance visibility throughout the property.

For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/.

About GPR Ventures

Founded in 2011, GPR Ventures is a privately held real estate investment firm with offices in Silicon Valley and Sacramento that specializes in providing real estate opportunities for a select group of sophisticated investors. GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results. GPR's portfolio includes 66 buildings totaling over 2 million square feet and an additional 26 acres of land. For additional information, please visit GPRVentures.com or call (916) 921-5005.    

For the original version on PRWeb visit: https://www.prweb.com/releases/gpr_ventures_completes_purchase_of_79_200_square_foot_property_in_lincoln/prweb17343958.htm

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com