Basin Street Properties Purchases Four Building Class A Office Portfolio in South Natomas
January 24, 2022 by Brooke Taibl
1.98 million square feet under management makes Basin Street the largest suburban commercial office property owner in the Sacramento Region.
Basin Street Properties, a prominent northern Nevada and northern California real estate investment, development, and management firm, has purchased Gateway Oaks, a four building, Class A, 316,901 square foot office campus. The campus is located in South Natomas, Sacramento’s most desirable suburban office submarket. Gateway Oaks is the tenth addition to Basin Street’s Sacramento Class A office portfolio and brings their total area under management in the region to 1.98 million square feet. Basin Street Properties is now the largest suburban commercial office property owner in the Sacramento Region.
“Gateway Oaks is an excellent Class A office property in the South Natomas market,” stated Basin Street Properties CEO Matt White. “The buildings are well built and maintained, with a strong collection of tenant amenities. Additionally, the location caters to easy downtown and airport access and is ideal for commuting from Sacramento’s many suburbs.”
The property provides a wealth of tenant amenities including a new tenant lounge, a fitness center with shower facilities, an on-site Café, Wi-Fi in the common areas, onsite property management, conference facilities, bike lockers, private patios, EV charging stations, and outdoor walking paths and gathering areas. In addition, the buildings are Energy Star rated and LEED certified.
“Gateway Oaks is a great fit for our portfolio,” said White. “It’s a quality property in a well-established business park and our experienced team and their attention to detail will optimize its performance for both tenants and investors.”
The amenity rich buildings were built between 1990 and 1998 and were initially developed by Spieker Properties. The previous ownership maintained the properties to the highest of standards. The campus is home to a variety of tenants including law, insurance, architecture, education and finance.
Plenty of greenspace, outdoor seating, water features, and wide sidewalks make the business park welcoming and walkable. “We understand that businesses are still navigating the pandemic, and appealing outdoor spaces have become an important part of the workplace experience,” said White. “Additional common area improvements and a tenant experience manager providing concierge services will help to re-energize employees when they return to work.”
Basin Street Properties now owns 1.98 million square feet in the Sacramento area with the addition of Gateway Oaks. “We continue to believe in the long-term potential and growth of the Sacramento Region and will continue to seek additional growth opportunities through the acquisition, improvement, and development of projects like Gateway Oaks,” said White. “Our experienced and dedicated team is ready to capitalize on these opportunities.”