By Eamon Murphy | The PE Hub Network
Real estate trust KBS Strategic Opportunity REIT II acquired Lincoln Court, a three-story office building in Campbell, California, for $51.5 million. KBS Capital Advisors, external advisor to KBS Real Estate Investment Trusts, is an affiliate of private equity real estate company KBS Realty Advisors.
KBS Strategic Opportunity REIT II, a non-traded real estate investment trust based in Newport Beach, announced today the acquisition of Lincoln Court, a 123,529-square-foot, Class A, three-story office building, for $51.5 million. The property is located at 2105 South Bascom Avenue in Campbell, a suburb of San Jose within Silicon Valley’s West Valley.
Currently 98 percent leased, Lincoln Court was recently renovated, offering an updated lobby, interior finishes, and a courtyard with Wi-Fi, a fountain and several seating areas. The property offers a two-level parking structure with 474 parking spots and a 3.8/1,000-square-foot parking ratio.Go Back
Our firm has been using Blue Vault from the first year it was available.
We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.
We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.
Our clients also appreciate that we conduct this additional due diligence on their behalf.