Turo Partners Acquires Industrial Buildings In Rancho Cordova For $5.5M

Turo Partners, a San Francisco-based company, has acquired two nearly fully leased industrial buildings in Rancho Cordova for $5.5 million. The properties, located at 11270 & 11280 Sanders Drive, span a total of 43,000 square feet and are priced at approximately $128 per square foot. This transaction highlights the strong demand for industrial real estate in the area, as the buildings benefit from excellent visibility near a Costco store.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5.5 million
• Square Footage: 43,000
• Price Per Square Foot: $128
• Address: 11270 & 11280 Sanders Drive
• Market: Rancho Cordova

The acquisition was facilitated by a private loan arranged by Gantry Inc., a mortgage brokerage firm. Turo Partners was represented by Will Marks in the deal, while Marcus & Millichap provided brokerage services with Christopher Drake and Russ Moroz as the brokers involved. This successful transaction underscores the ongoing interest in industrial real estate and the support provided by various industry professionals.