Antelope West Industrial Park
100% Leased Small Bay Multi-Tenant Industrial Near Freeway | Sacramento, CA
Marketing description
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COMPELLING MARKET DYNAMICS FOR SMALL BAY
—There are 64.4 MSF of industrial properties in Sacramento between 4,000-50,000 SF. The vacancy rate is only 3.8%, and rents have grown 3.6% per year over the five years.
—Virtually no new construction of small-bay industrial product in the Sacramento market since the 1980's.
Investment highlights
100% LEASED SMALL BAY MULTI-TENANT INDUSTRIAL PROJECT NEAR FREEWAY
—100% leased to a diverse tenant base of 16 tenants with ±3.36 years of WALT remaining and strong in-place cash flow.
—Three high-quality small bay industrial buildings totaling ±101,944 SF with grade-level loading in every unit.
—Varied building sizes and unit sizes to accommodate many different users.
—Supply-constrained industrial market – Not only are there currently no incubator industrial projects under construction in the Sacramento region, but the vacancy rate in the I-80/ Roseville Road submarket is only 1.8%.
—Immediate access to I-80 freeway, the most traveled/desirable freeway for many industrial tenants servicing the Sacramento area.
STABLE CASH FLOW AND EASE OF MANAGEMENT
—Triple net lease structure across the entire park allows for ease of management and a hedge against cost inflation.
—±43,696 SF of new leasing over the last 24 months.
—Lower investment risk given staggered roll-over and small average unit size (5,664 SF).
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