Larry Allbaugh Of Buzz Oates Acquires Industrial Properties In American Canyon For $44.5M

The transaction involved the sale of two industrial warehouses located at 75 and 89 South Kelly Road in American Canyon. The properties were fully leased and the sale occurred for a total price of $44.5 million, translating to approximately $167 per square foot. The seller, LBA RVI-Company XLVIII LLC, had previously acquired these properties for $56.5 million in December 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $44,500,000
• Square Footage: 266,729
• Price Per Square Foot: $167
• Buyer: Larry Allbaugh - Buzz Oates
• Seller: LBA RVI-Company XLVIII LLC
• Brokers: Chris Neeb, Matt Bracco, Ryan Sitov, Glen Dowling & Melinda Marino - JLL

This transaction was facilitated by a team of brokers from JLL, which included Chris Neeb, Matt Bracco, Ryan Sitov, Glen Dowling, and Melinda Marino. The buyer, Larry Allbaugh, represented Buzz Oates in this deal.