Located at 630 Roseville Parkway, the single-story building is fully leased to Penumbra, a global healthcare business. The buyer was Virginia-headquartered Harbor Group International (HGI).
Cushman & Wakefield investment specialists Adam Lasoff, Seth Siegel, Steve Hermann, Rick Ingwers, Eric Fox and Ryan Venezia represented the seller, with the firm’s Keith Padien and Rob Rubano also arranging debt financing on behalf of HGI. Cushman & Wakefield’s Ron Thomas and Chris Schwarze also provided local leasing and market advisory.
The recently updated, state-of-the-art facility is situated within the Roseville Innovation Park in the heart of Sacramento’s medical community. Benefiting from institutional-quality improvements, large floor plates, and an above-market parking ratio, the building also features unrivaled 20’ ceiling heights and a new campus-like outdoor recreation area complete with an amphitheater, barbecue, bocce ball court, and more, with exclusive use by the tenant. There are also numerous amenities including retail, entertainment and residences all within a short distance.
The property offers excellent access to Highway 65, Interstate 80 and all major thoroughfares in the area. It is also well located approximately 20 miles northeast of downtown Sacramento & the State Capitol and just 25 miles from Sacramento International Airport.
The Greater Sacramento region continues to offer high-quality product of scale at a discount to San Francisco and other Bay Area markets. The region’s strong market fundamentals and continual development position the area to benefit from the growth of a diverse user base. The Greater Sacramento region offers strong demographics, residential density, prominent amenities, and a high quality of life that contributes to the market’s thriving demand.