One Capital Center, one of the most prominent office buildings in Rancho Cordova, has been purchased by Sacramento-based Ethan Conrad Properties.
The firm announced completion of the purchase Wednesday. The 124,000-square-foot building is located at 3100 Zinfandel Drive. Palmer Capital represented the sellers and Ethan Conrad represented himself in the transaction, according to a new release from Ethan Conrad Properties.
“This is one of the nicest Class A office buildings on the Highway 50 corridor,” Ethan Conrad, the firm’s CEO, said in a written statement. “In addition, it is also located in one of the best areas in the Highway 50 corridor.”
The six-story building was developed by Lankford and Taylor in 1989 as part of the Prospect Park business park.
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One Capital Center is 85 percent leased. The firm described the building as one of the most visible and prominent in the Highway 50/Prospect Park office submarket, which offers lower rents compared to buildings in downtown Sacramento, Roseville and most other institutional-quality office markets in Sacramento.