News
Jan 17, 2024

Rising Realty Partners Acquires Industrial Portfolio in California’s Central Valley

DJI_0696-edit
Rising Realty Partners has acquired Central Valley Logistics Portfolio, expanding its footprint in the greater Sacramento region. Building on RRP’s nearby assets, the 531,308 square foot acquisition becomes the largest portfolio owned and managed by RRP.

Rising Realty Partners (RRP) announced today that it has partnered with DRA Advisors to acquire a portfolio of six light industrial properties totaling 531,308 square feet on a combined 41 acres in Stockton and Tracy, California. Three of the properties are multi-tenant light industrial buildings, while the other three are single-tenant Class B distribution buildings.

The acquisition becomes the largest industrial portfolio owned and managed by RRP. The company now owns and manages nine industrial properties in the greater Sacramento region.

“Acquiring these properties is a strategic addition to our Northern California portfolio,” said Chris Rising, Co-Founder and CEO of RRP. “We’re grateful for the opportunity to unlock value in a sector and market with robust fundamentals and that we know well.”

The acquired properties are 3728 Imperial Way, 3734 Imperial Way, 4730 Fite Court, 4747 Frontier Way, 3727 Metro Road in Stockton, and 75 West Valpico Road in Tracy

Built between 1978 and 2006, the properties are 98 percent leased with functional single and multi-tenant buildings. RRP intends to implement a capital improvement plan which includes new asphalt, paint, and landscaping.

The Portfolio is bounded by Stockton Airport and CA-99 offering convenient access to I-5, I-580, and I-205, priming it as a strategic distribution hub serving the Central Valley and greater Bay Area.

“The building product and location are ideal for logistics-based industrial tenants in the booming Central Valley submarket which has had 2.7 million square feet of positive absorption and an actively declining 6.6 percent vacancy rate,” said Scott Word, Principal of Industrial Investments at RRP. “These are highly functional buildings in fundamentally strong markets that are positioned for significant upside.”

Related Posts

LABJ Best Places to Work 2024 (1)
Aug 21, 2024
Rising Realty Partners Ranked Top 3 Places to Work by LABJ
Rising Realty Partners was recently ranked 3rd in the Medium Business Category at the Los Angeles Business Journal’s Best Places to Work in Los Angeles awards. This recognition highlights our company’s strong workplace culture, commitment to employee growth, and positive impact on the Greater Los Angeles community.
The CalEdison Outside
Jul 03, 2024
The CalEdison DTLA Earns Fitwel Viral Response Certification
The CalEdison DTLA is thrilled to announce its achievement of the Fitwel Viral Response Certification for 2024, emphasizing its dedication to health and safety. This is the first time CalEdison has received this prestigious certification, which highlights efforts to mitigate infectious diseases and ensure a healthy environment for all occupants.
Las Vegas
Jun 05, 2024
Rising Realty Partners Featured on Public Television
Rising Realty Partners joined forces with Viewpoint with Dennis Quaid to produce an educational segment about investing in industrial real estate. The segment premieres on Thursday, June 5th at 6:30 PM PST on Fox Business Network and will be featured across 170+ public television stations over the next year.

Where you can find us

Rising Realty Partners

601 W 5th Street, Suite 215, Los Angeles, CA 90071