Warehouse Building in Sacramento
LDK Ventures acquired a 320,000 sf warehouse building located on Belvedere Ave. in Sacramento, CA in 2015. LDK Ventures purchased the property from a family trust who had concerns around the near-term roll on the leases of both existing tenants.
Subsequently, LDK renewed both tenants at materially higher rents on long term leases. The building had some deferred cap ex upon acquisition and LDK has since made significant improvements that enhance the aesthetic and functionality of the building.