Pete Halimi Of Oracle Properties Development Inc. Acquires Industrial Property From Quad/Graphics For $5.2M

An industrial property located at 1201 Shore Street in West Sacramento has been sold for $5,200,000. The asset spans 36,750 square feet on a 2.43-acre lot. The property had been vacant since Quad/Graphics ceased operations and laid off 56 employees in early 2024, amidst a backdrop of rising industrial vacancy in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Square Footage: 36,750
• Address: 1201 Shore Street
• Market: West Sacramento
• Price Per Square Foot: $141
• Buyer: Pete Halimi - Oracle Properties Development Inc.
• Seller: Quad/Graphics
• Lot Size: 2.43 acres

The transaction involved Pete Halimi representing Oracle Properties Development Inc. in the purchase of the vacant industrial facility. This acquisition is a response to the limited supply of owner-user properties in the area, despite increasing industrial vacancy rates.