PCCP Provides $44.5M Acquisition Loan for 518,156 SF Office Campus in Sacramento
SACRAMENTO, CALIF. — PCCP has provided a $44.5 million senior loan to S&P Co. and Basin Street Properties for the acquisition of Prospect Green, a 518,156-square-foot office campus in the Sacramento submarket of Rancho Cordova. The campus is located at 10877 to 10951 White Rock Road and 10850 and 10860 Gold Center Drive.
The property is 73 percent occupied. Notable tenants include the State of California, Liberty Financial Home Equity, Allstate Insurance and NEC Solutions.
The five buildings were developed in phases between 1990 and 2001 and range from 70,000 square feet to 124,000 square feet. The campus also features a workout facility, showers and cafe.