KBS REIT III Pays $33.8M for Rocklin Corporate Center Near Sacramento

Photo: SoftMirage.com

A subsidiary of KBS Real Estate Investment Trust III has acquired the Rocklin Corporate Center, an office property containing 220,020 rentable square feet on approximately 13.9 acres of land in Rocklin, California, for $33.8 million plus closing costs.

Rocklin Corporate Center was built in 2007. As of November 6, 2014, Rocklin Corporate Center was approximately 90% leased to 9 tenants.

Rocklin Corporate Center is comprised of two 114,000-square-foot, three-story Class A office buildings constructed in 2008 by Opus West Corp, according to a press release about the property from Schaal Realty Advisors.

Rocklin Corporate Center is on nearly 14 acres between Sunset and Lone Tree Boulevards east of Highway 65.