Investment Firm Acquires Roseville Commercial Center for $17M

Stone Point Plaza in Roseville is under new ownership.

Basin Street Properties, a real estate investor of commercial and mixed-use properties, announced today that it has acquired Stone Point Plaza in Roseville.

The 95-612-square-foot, three-story center was acquired for $17 million, according to the news release. Originally bank-owned, the property is 95 percent occupied by 14 tenants including Unify, and several law firms including .

“Stone Point Plaza is the single best building in the market, as demonstrated by its location and high occupancy,” said Matt White, president of Basin Street, in a news release. “Our goal for the building is to offer our current and future tenants their best real estate experience by working with them to provide optimal options and solutions. This has long been at the core of our values.”

Basin Street Properties has been investing in the greater Sacramento office market since 2007 with the acquisitions of the 89,500-square-foot Capitol Oaks building in South Natomas and California Center Business Park, a 168,000-square-foot, three-building corporate campus.

“Since we stepped into the Sacramento real estate market, we have scoured the region looking for strategic, high-quality opportunistic investments,” White said. “With Stone Point Plaza’s success and the fact that Roseville is one of the most desirable markets, we are thrilled with this acquisition and continuing our steadfast pursuit of diversifying our portfolio in the Sacramento region.”