Graceada Partners completes value‑add exit with sale of California office building

Graceada Partners has completed the sale of Building II of Northpoint Office Towers in Salida, California, marking its exit from a multiyear value‑add office investment in Stanislaus County. A private investor acquired the 42,062‑square‑foot office building for $9.32 million, reflecting an 8.86% capitalization rate; it had been on the market for about four months.