Briggs Development Nets Two Rancho Cordova Office Bldgs. for $7.1 Million

Ridge Capital Sells 79,000 SF in Greater Sacramento
August 8, 2015

Briggs Development bought two office buildings in Rancho Cordova, CA in a portfolio acquisition from Ridge Capital for $7.11 million, or approximately $90 per square foot. Built in 1993, 2920 Kilgore Rd. is a vacant two-story building consisting of 49,331 square feet on 3.32 acres. 11130 Sun Center Dr. is a single-story building constructed in 1987 and consisting of 30,096 square feet on 2.43 acres. The properties are located minutes from one another in Sacramento's Highway 50 Corridor. Bruce Hohenhaus, Kevin Partington, Ron Thomas and Chris Schwarze of Cushman & Wakefield served as dual agents in the transaction. For additional details, please see CoStar Comp #3290012