Description
As exclusive advisor CBRE, Inc. is pleased to offer for sale two headquarters office buildings that currently comprise a portion of VSP Vision’s campus in Rancho Cordova, California. A large segment of VSP’s Sacramento employees now works remotely. The Company previously occupied all five buildings on its Rancho Cordova campus. HQ1 and 2 house VSP staff. HQ3 and 4 will be sold at market pricing. HQ5 was sold in December of 2023. The assets are highly desirable by virtue of their condition and location. Both buildings are attractive, clean, and well-maintained by VSP’s in-house property management team.
The location, just south of Highway 50 on Zinfandel Drive, is only a 12-minute drive from Downtown Sacramento, but with the advantages of lower rents and abundant free parking. The Highway 50 Corridor is Sacramento’s largest office submarket and has always been a leading choice for companies seeking affordable space in proximity to the suburban communities where their employees reside.
The offered properties are an attractive opportunity for several types of purchaser:
- Prospective owner-users seeking to control their office environment and occupancy costs, with the potential long-term financial benefits of ownership. Value-add investors who wish to minimize risk by starting with well-maintained properties in an excellent location.
- Owner/user investors who appreciate the opportunity to reduce occupancy costs, invest in the future, and offset operating expense by leasing excess space.
To assist interested parties in becoming familiar with the assets, we have prepared video presentations of the exterior and interior of each building. Links to the virtual tours will be found in the section describing each building. Expressions of interest should be submitted to Randy Getz, Executive Vice President, whose contact information appears at the beginning of the offering memorandum.
