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VSP HQ3 & HQ4

2 Office Properties in Rancho Cordova, CA

Investment Highlights

  • Two meticulously-maintained, headquarters-quality office buildings equipped with features that exemplify future office environments.
  • Sustainable building features such as EV charging stations, LED lighting, touchless restroom fixtures, secure bike storage, showers/personal lockers
  • Located in Rancho Cordova’s Capital Center Business Park, 12 minutes east of Downtown Sacramento and two blocks from Highway 50.
  • Two-story buildings total 232,714 BOMA RSF and feature highly-configurable floorplates with dedicated facilities for calls and web meetings
  • Beautiful, well-appointed employee lounges, full commercial kitchen in HQ3, patios with tables and umbrellas for outdoor breaks and lunches.
  • Ideal for a full-building user, value-add investor, or partial-occupancy user wishing to lease remaining space.

Executive Summary

As exclusive advisor CBRE, Inc. is pleased to offer for sale two headquarters office buildings that currently comprise a portion of VSP Vision’s campus in Rancho Cordova, California.
A large segment of VSP’s Sacramento employees now works remotely. The Company previously occupied all five buildings on its Rancho Cordova campus. HQ1 and 2 house VSP staff. HQ3 and 4 will be sold at market pricing. HQ5 was sold in December of 2023.
The assets are highly desirable by virtue of their condition and location. Both buildings are attractive, clean, and well-maintained by VSP’s in-house property management team. The location, just south of Highway 50 on Zinfandel Drive, is only a 12-minute drive from Downtown Sacramento, but with the advantages of lower rents and abundant free parking. The Highway 50 Corridor is Sacramento’s largest office submarket and has always been a leading choice for companies seeking affordable space in proximity to the suburban communities where their employees reside.
The offered properties are an attractive opportunity for several types of purchaser:
Prospective owner-users seeking to control their office environment and occupancy costs, with the potential long-term financial benefits of ownership.
Value-add investors who wish to minimize risk by starting with well-maintained properties in an excellent location.
Owner/user investors who appreciate the opportunity to reduce occupancy costs, invest in the future, and offset operating expense by leasing excess space.
To assist interested parties in becoming familiar with the assets, we have prepared video presentations of the exterior and interior of each building. Links to the virtual tours will be found in the section describing each building.
Expressions of interest should be submitted to Randy Getz, Executive Vice President, whose contact information appears at the beginning of the offering memorandum.

Property Facts

Sale Conditions High Vacancy Property
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 152,495 SF
Total Land Area 10.56 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Bldg 3
10845 International Dr, Rancho Cordova, CA 95670
Office 80,095 SF 1999 -
Bldg 4
10875 International Dr, Rancho Cordova, CA 95670
Office 72,400 SF 2003 -
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  • Listing ID: 26262186

  • Date on Market: 26/07/2022

  • Last Updated:

  • Address: VSP HQ3 & HQ4, Rancho Cordova, CA

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