Sacramento-based GPR Ventures has closed on its 24th acquisition in Northern California with the purchase of a 33,719-square-foot flex warehouse space located at 110–120 Main Ave. in Sacramento. The financial terms and seller were not disclosed.
The property is currently occupied by seven tenants from a variety of industries, and it features a combination of dedicated office space and warehouse and storage facilities. The well-maintained property requires no capital improvements, which allows GPR Ventures to focus on increasing occupancy with one or more additional tenants.
“This property has a strong tenant base with an outstanding occupancy history, which was very attractive to us,” said Glen Yonekura, GPR Ventures co-founder and managing principal. “It indicates the steady nature of the Sacramento market, especially as many other major and mid-level markets are still in a state of uncertainty.”
The property is situated in a business park setting wit
