|Building Area Gross||
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the outstanding opportunity to acquire the fee simple interest in 4201-4207 Town Center Boulevard (the “Property”), an institutional quality 4-building office project located just outside Sacramento in El Dorado Hills, California. Strategically located with Highway 50 frontage, the 244,983 square foot Class A office property spans across 29.2 acres, and is just steps away from over 25 every-day amenities, restaurants and entertainment options.
The Property is currently 100% owned and occupied by Blue Shield of California (Fitch: A) who will execute a 10-year leaseback on buildings B and C (4203 & 4205 Town Center) of the campus which encompass 146,834 square feet, or 60% of the net rentable area. Throughout their ownership of the Property, Blue Shield has consistently invested in the space in order to hold its place as the highest quality office product in El Dorado Hills, as evidenced by their $1.6 million of capital spent since 2019. The Blue Shield campus is widely recognized as the highest quality office project on the Highway 50 Corridor and in El Dorado Hills.
Over the last few years, the Highway 50 corridor, and specifically El Dorado Hills, has experienced a dramatic influx of tenants from Sacramento and the San Francisco Bay area who are being displaced by the continuous expansion of tech giants, and the correlated supply and demand imbalance of affordable office space in those core markets. The Highway 50 corridor has become the submarket of choice for high growth companies due to its supply of high quality office space, proximity to intellectual capital and accessibility to Sacramento and the greater Bay Area.
4201-4207 Town Center offers investors an exceptional investment opportunity featuring a freshly signed 10-year lease to a credit tenant, 244,983 square feet across 29.2 acres, and a compelling El Dorado Hills location with major highway frontage.
- Blue Shield of CA (Fitch: A) leaseback of 60% of the property
- Best in class office project adjacent to major transportation arterials
- Rare combination of scale & optionality
- $1.6M of capital recently invested
- Ideal "post-COVID" building features
- Walking distance to high quality amenity base