Representative Properties

Crown Corporate Center

2860 Gateway Oaks Drive
Sacramento, California

Purchased:

June 2005

Price:

$24,000,000 ($204.88/sqf)

Size:

117,139 square feet

117,139 square foot Class A four-story office building.

50% leased, with a Five Year Rent Guarantee on remaining 50%.

One of five buildings comprising the Crown Corporate Center.

Located at the intersection of the 5 and 80 Freeways.

Located five minutes from Sacramento CBD and ten minutes from the airport.

Purchase Capitalization Rate – 8.1%.

Parking ratio of 3.75 : 1,000 square feet.

Status – The project was sold in July of 2006 for $29,000,000, generating a return on equity of approximately 76%.