Purchase Your Blue Vault Research Subscription
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.
Press Release
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 BackRecent News
- Cantor Fitzgerald and Silverstein Properties Announce Joint Venture Partnership with Collins Capital Partners and Kaufman Jacobs and Closing of Construction Financing for Multifamily Opportunity Zone Development in Chesterfield County, VA
- Cultivating Wealth via Specialty Farmland
- Shopoff Sells Del Taco-Anchored Retail Center in Fullerton
- Urban Catalyst Floats Housing Instead Of Offices At Icon/Echo
- ExchangeRight’s Essential Income REIT Acquires $84 Million Portfolio
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.
