One of Rancho Cordova’s most distinctive office buildings, One Capital Center, was recently acquired by area business heavyweight Ethan Conrad Properties, Inc. The company announced the purchase completion in December.

“As far as why I purchased the property…this is one of the nicest Class A office buildings on the Highway 50 Corridor,” said CEO and company founder, Ethan Conrad. “In addition, it is also located in one of the best areas in the Highway 50 Corridor.

The 6-story building, situated at 3100 Zinfandel Drive was built when Rancho Cordova began to develop the business and residential areas south of Highway 50. The approximately 30,000 square foot space is slated to undergo minor renovations that Conrad anticipates will boost the local economy. He is already seeing a promising uptick leasing numbers, with the building already at 85% of capacity.

“It simply needs a little remodeling work performed to it in order for it to be the nicest office property on the Highway 50 Corridor. Once this work is performed, it will make the fair market value rent for the property increase accordingly,” said Conrad.

Ethan Conrad Properties owns and manages hundreds of industrial, office and retail commercial properties and buildings throughout Northern California and continues to grow. The company, founded in 1995, employs over 100 people in-house to manage, maintain and remodel its properties, according to corporate Vice President Grant Keeney.

“The combination of good looking, well maintained properties and competitive pricing has been pivotal in achieving occupancy rates that are consistently over 90%. By using our core competencies, we are able to transform these problems into opportunities for success,” states the company website.