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Avison Young brokers $6.985 million sale of 55,000 sf industrial property in West Sacramento, CA

Avison Young brokers $6.985 million sale of 55,000 sf industrial property in West Sacramento, CA July 9, 2021

Irvine, CA – Avison Young announced today it has brokered the $6.985 million sale of a 55,000 square-foot industrial building located at 879 F Street in West Sacramento, CA.

Alan Pekarcik, Principal and Chris Smith, Senior Associate who are based in the firm’s Irvine office represented the buyer, The Bendetti Company. The seller, INNOVA Fund I, LLC, was represented by Kevin Jasper of Newmark.

Built in 2001, 879 F Street is situated on just over two acres of land and is a part of the F Street Commerce Center. The property includes fully insulated warehouses and newer concrete tilt-up construction. Additionally, it is centrally located within the greater Sacramento region.

“This transaction marked the buyer’s second acquisition in the greater Sacramento market,” said Smith. “This is one of the hottest industrial markets on the West Coast which has seen a steady increase in rental rates over the past year. With a limited supply of value-add multi-tenant industrial product on the market today, the asset was heavily pursued by investors and received multiple offers. The buyer is committed to this market long-term and feels rents will continue to rise into the near future.”

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.



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For more information:

  • Alan Pekarcik ([email protected]), Principal | Capital Markets Group, Irvine, CA: +1 949.757.1595 
  • Chris Smith ([email protected]), Senior Associate | Capital Markets Group, Irvine, CA: +1 949.430.0683