U.S. real estate private equity firm Iron Point Partners has completed the acquisition of Natoma Station Corporate Center, a multi-tenant office building in Folsom, for $23.7 million.

The two-story office building, that is located at 950 Iron Point Road, features 102,750 square feet of Class A office space.

Iron Point Partners acquired the property from PAC West Office Equities, a unit of Buzz Oates Real Estate, which was represented by Cushman & Wakefield on the deal.

Additionally, Iron Point Partners intends to occupy a portion of the property as the new corporate headquarters for Mountain G Enterprises and Mountain F Enterprises.