Parkpoint Business Center
Santa Rosa, California
|Project Description||70,000 square foot suburban office park comprised of 5 single-story buildings. Central location near downtown and freeways.|
|Challenge||Underwrite and purchase this REO property from special servicer, perform site and building renovations, update image, lease vacant office space, sell individual buildings.|
|Results||Major site improvements completed. Three buildings leased up and sold to investor buyer after one year. Other two buildings sold to owner/users.|
|Details||Purchase Date: December 2010.|
Completion Date: Summer 2015.
Current Status: All buildings sold.
|Total Value||$7 million.|