CBRE Facilitates $8.1 Million Sale of Single-Tenant Industrial Asset in West Sacramento, California

CBRE facilitated the $8.125 million sale of a 36,000-square-foot, single-tenant industrial property at 2510 Evergreen Avenue in Sacramento, California. CBRE's Matt Post, Anthony DeLorenzo and Sammy Cemo represented the seller, 2510 Evergreen LLC, in the transaction.

The buyer, a private investor, acquired the property as a long-term investment. The asset is a fully leased industrial distribution facility occupied by ABC Supply Company Inc., one of the largest wholesale distributors of roofing materials in North America.

"Well-located industrial assets with quality tenants and functional improvements continue to attract strong buyer interest, especially when they are appropriately marketed," said Post, first vice president at CBRE. "We received significant interest soon after going to market and were fortunate to ultimately select an excellent buyer who closed at our asking price and who will enjoy owning this asset for many years."

The property totals approximately 36,000 square feet and is situated on a 2.8-acre site in West Sacramento, a key logistics submarket with access to Interstate 80, Interstate 5 and State Route 50, as well as proximity to the Port of Sacramento and Sacramento International Airport.

West Sacramento remains one of the most sought-after industrial submarkets in the region due to its strategic connectivity and limited supply pipeline. Despite being one of the larger industrial submarkets in the region, vacancy for Light Industrial Class B space is approximately 1.3%, with no new construction currently underway, reinforcing strong market fundamentals and tenant demand.