Bay Area's McLellan Company Acquires Fully Leased Industrial Building In West Sacramento For $33.25M

Bay Area's McLellan Company has made its debut in the Sacramento market with the acquisition of Parkway Industrial Crossing, a fully leased industrial building located at 3869 Industrial Boulevard in West Sacramento. The property spans 13.8 acres and offers a total of 302,500 square feet of space. The transaction took place for a price of $33,250,000, resulting in a price per square foot of $110. The seller of the property was Investcorp, represented by Mohammed Alardhi, and The Bendetti Co., represented by Robert D. Bendetti. These companies had purchased the property in 2020 for $26.4 million.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $33,250,000
• Address: 3869 Industrial Boulevard
• Market: West Sacramento
• Acres: 13.8

Colliers' team consisting of Andy Zighelboim, Brad Idleman, Kevin Moul, and Robert Gilley represented all parties involved in the transaction. McLellan Company was represented by Steve McKibben as their buyer's representative. On the other side, Investcorp was represented by Mohammed Alardhi, and The Bendetti Co. was represented by Robert D. Bendetti. The acquisition marks McLellan Company's entry into the Sacramento market, expanding its presence beyond the Bay Area.