Rising Realty Partners Acquires its Third Sacramento-Area Industrial Park
Set across 10.8 acres, Mercantile Industrial Park consists of four buildings totaling 150,007 sf of space built between 1982 and 1986. Featuring convenient access to SR 50, 18-foot clear height, as well as ground level and dock high units, the property is 100 percent leased.
“This is a very attractive light industrial asset with strong value-add potential due to short WALT, below market in-place rents, and attractive unit mix for a wide variety of tenants coupled with a strategic, high-growth location affording easy access across the entire Sacramento region,” said Scott Word, Principal of Industrial Investments of RRP. “Operating two other successful light
industrial properties nearby, we have learned how to leverage operational efficiencies while building out tenant improvements matched to market demand.”
RRP announced the expansion of its investment platform to include industrial sector acquisitions in 2020. Mercantile Industrial Park is RRP’s sixth industrial asset acquired since the first quarter of 2021.
“In our experience, Sacramento industrial real estate has offered value-add opportunities and yielded exceptional returns for our investors,” said Christopher Rising, Co-Founder and CEO of RRP, “We are thrilled to have acquired another asset in the Sacramento area where the RRP team can unlock value and new opportunities.”
To learn more about this acquisition, check out Sacramento Business Journal’s article here: https://www.bizjournals.com/sacramento/news/2023/03/08/rising-realty-mercantile-industrial-park-rancho.html