Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 11270 and 11280 Sanders Drive, two well-maintained, fully leased, multi-tenant industrial properties on separate parcels, well situated in Rancho Cordova, California (Sacramento MSA). The offering provides the opportunity to purchase both properties together or individually. 11280 Sanders Drive totals approximately ± 21,135 square feet and is fully leased to four tenants on a gross lease structure. The property currently averages $0.73 PSF per month (approximately 24% below market) allowing the opportunity to increase rents upon expiration. The existing improvements are superior to most properties in the immediate area giving the property a direct competitive advantage over nearby properties. The building features high clear heights (22’-24’), fully conditioned warehouse space, three-phase power, large grade-level doors (12’x14’), and an abundance of natural light. Approximately 20 percent of the project can be moved to market immediately (direct comparables average $0.94 PSF NNN). The properties are well situated within the Sunrise Industrial Sub Market of Sacramento which boasts a vacancy rate of approximately 2.7% (as of Q4 22), one of lowest in the region. The location provides immediate access to both US Highway 50 (approximately 1.5 miles) and the Capital Southeast Connector (approximately 7.5 miles) via Sunrise Boulevard giving access to the Sacramento MSA and beyond. Additionally, the property is strategically located approximately 3.5 miles from Mather Airport which specializes in cargo and general aviation and is the regional home to UPS. The offering presents a rare opportunity to acquire one or two well-maintained, well-located, multi-tenant industrial properties in a supply-constrained rental market (2.7% vacancy rate in Q4 22) with upside in bringing current rents to market upon expiration. The portfolio can be purchased together (±42,970 combined square feet) or individually.