Updated Dec 9, 2025
Joe Blum Of Catalyst Real Estate Acquires Highway 50 Industrial Portfolio For $51M In Sacramento
7000 Franklin Boulevard, 10255 Old Placerville Road, 11353 Pyrites Way & 11470 Sunrise Gold Circle
$51,000,000
$31/SF
Building Size
401,997 SF
Asset Type
Industrial
Closing
Dec 4, 2025
About this deal
AI
The transaction involved the acquisition of the four-property Highway 50 Industrial Portfolio, located at 7000 Franklin Boulevard, 10255-10275 Old Placerville Road, 11353-11357 Pyrites Way, and 11470 Sunrise Gold Circle in Sacramento and Rancho Cordova, California. The total sale price was $51,000,000, with a total square footage of 401,997. The properties were leased to 140 tenants, reflecting a leasing rate of 92%. The properties were acquired for approximately $126.87 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $51,000,000
- Square Footage: 401,997
- Buyer: Joe Blum - Catalyst Real Estate; SIII Investments
- Broker: JLL
- Lender: Nationwide Mutual Insurance Co
- Price per Square Foot: $126.87
The transaction was arranged by JLL Capital Markets, who facilitated a loan from Nationwide Mutual Insurance Co. Joe Blum represented both Catalyst Real Estate and SIII Investments in this acquisition, marking a significant addition to their industrial portfolio.
Players
Sacramento Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93