Owner-User Deal Closes in Folsom

Iron Point has acquired a 102,000-square-foot office property in Folsom for $23.7 million. with plans to occupy a portion of the property. The buyer plans to use the new corporate headquarters for two entities serving the logging and utility service industries: Mountain G Enterprises and Mountain F Enterprises.

With the leases by Mountain G Enterprises and Mountain F Enterprises, the property is fully occupied. Other tenants at the property include a diversified mix of high caliber tenants such as Devry, General Dynamics, and Allstate.

Rocco Curci, a VP in Voit’s Irvine office, represented the buyer in the deal.