Fully Leased Roseville Properties Sold to Contracting ﬁrm

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Commercial Real Estate Fully leased Roseville properties sold to contracting ﬁrm

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More than seven years after GPR Ventures bought them as part of a four-building portfolio, the firm has sold 10560 and 10600 Industrial Ave. in Roseville for $5.83 million. COURTESY GPR VENTURES

By Ben van der Meer – Staff Writer, Sacramento Business Journal 2 hours ago

COMPANIES Boosted by tenants who've signed sizable leases in recent IN THIS ARTICLE years, GPR Ventures came out well ahead after the last sale Smith & Sons connected to a four-building Roseville industrial portfolio the #$)"!!$*+$+ Grover Beach, CA frm bought in 2013. See full profile ( SPONSORED CONTENT by The Business Journals Content Studio At the end of January, Campbell-based GPR Ventures sold How you can write 10560 and 10600 Industrial Ave. for $5.83 million to general effective branded thought leadership content contractor Smith & Sons LLC, according to property records.

"We just decided the time was right to sell and take the profts GOVERNMENT & REGULATIONS City exploring possible and put them into a bigger deal," said Kristie Kuechler, GPR's cap on cannabis vice president of asset management. "We were just fortunate businesses in North Sac on timing and good leasing."

COMMERCIAL REAL ESTATE Smith & Sons, based in Washington, D.C., did not return a Redevelopment of Citrus Heights retail message seeking comment. Kuechler said the new owner also center could include has some immediately neighboring properties, so there was grocery store

logic behind acquiring 10560 and 10600 Industrial Ave. HEALTH CARE 5 things to know: Records show GPR acquired 10556 and 10604 Industrial Ave. Remember to register for our Health Care in 2013 for a combined $5.93 million. At the time, total Leadership Forum occupancy of the four-building, 90,886-square-foot portfolio SPONSORED CONTENT was 56%. GPR made capital investments in all four, including by Conroe Economic Development Council new exterior paint and upgraded landscaping. Deison Technology Park in Conroe, TX provides increased capacity for After building out two shell spaces in the building at 10556 VGXI to manufacture Industrial, GPR Ventures sold it in 2014 for $2.89 million. The vaccines building at 10604 Industrial sold in 2015 for $2.35 million. Both were fully leased at the time of those sales.

Kuechler said one frm leases about a quarter of the space in the last two buildings, and Wilson Sporting Goods takes up another 25%. With leasing on both now also at 100%, it made sense to sell. The two buildings are about 45,000 square feet combined. Comforable Leather Holsters "We're still very bullish on the Sacramento market," Kuechler Order Premium leather holsters staring at $47.85 said. "We're actively buying and looking at properties."

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Redevelopment of 5 things to know: City exploring Citrus Heights retail Remember to register possible cap on center could include for our Health Care cannabis businesses grocery store Leadership Forum in North Sac

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