Stegner San Bruno LLC Acquires Fully Leased Industrial Building From Phil Oates For $9.1M

The industrial property located at 3920 West Capitol Avenue in West Sacramento has been sold for $9,100,000. This property, with a total square footage of 53,386, was sold at a price per square foot of $170. Built in 1990, it features seven tenants and showcases strong demand for small-bay industrial assets in the market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,100,000
• Address: 3920 West Capitol Avenue
• Market: West Sacramento
• Square Footage: 53,386
• Price per Square Foot: $170
• Buyer: Stegner San Bruno LLC
• Seller: Phil Oates - Buzz Oates
• Brokers: Matt Post, Anthony DeLorenzo, Sammy Cemo, Todd Sanfilippo, Matt Susac & Tyler Howell - CBRE

Phil Oates represented the seller in this transaction, highlighting his involvement in the sale of the fully leased industrial building. The deal reflects active participation from multiple brokers at CBRE, representing a collaborative effort to finalize the transaction on behalf of the seller and buyer.