Dan Carlton Of Mark III Construction Acquires Six Industrial Properties For $24.6M In California

Mark III Asset Management, led by the founders of Mark III Construction, has successfully acquired six light industrial properties located at 859, 865, and 869 Stillwater Road, 2017 Opportunity Drive, 4105 Delmar Avenue, and 4111 Citrus Avenue. The properties are situated in the markets of West Sacramento, Roseville, and Rocklin, with a total square footage of 159,884. The transaction was completed for a total of $24,600,000, which translates to approximately $154 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,600,000
• Square Footage: 159,884
• Price per Square Foot: $154
• Buyer: Dan Carlton - Mark III Construction Inc
• Market: West Sacramento, Roseville & Rocklin
• Occupancy Rate: 93%

The portfolio acquired features a mix of tenants across various sectors including e-commerce, automotive, manufacturing, and food and beverage industries. This strategic acquisition supports Mark III Asset Management's growth objectives within the Yolo and south Placer counties region.