Forza Properties Acquires Two Industrial Properties In Sacramento And Carmichael For $9M

The asset involved in the transaction is an industrial property located at 5753 Auburn Boulevard, Sacramento. The property was sold as part of a combined deal where Forza Properties acquired two industrial properties, totaling a transaction amount of $9 million. The Sacramento property sold for $4.8 million and comprises 22 units, each averaging 1,400 square feet, while the fully leased Carmichael property sold for $4.2 million with 17 units averaging 1,529 square feet. The Carmichael asset features recent capital improvements and offers direct access to Interstate 80.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,000,000
• Buyer: Forza Properties
• Seller: 5753 Auburn Blvd LLC and MCA IGF Carmichael LLC
• Brokers: Matt Post, Anthony DeLorenzo & Sammy Cemo - CBRE

This transaction involved brokers Matt Post, Anthony DeLorenzo, and Sammy Cemo from CBRE, who represented the parties in the deal. The involvement of these brokers facilitated the successful acquisition of the two industrial properties in the Sacramento and Carmichael markets.