Two new industrial buildings in Metro Air Park that sold recently aren't the behemoths of recent years, but they're a good sign for the sector overall, according to a broker on the deal.
Sacramento, CA | December 29, 2022 - The buildings, roughly 183,000 and126,000 square feet at 7180 Badiee Drive, sold in early December to Toronto-based institutional investor BentallGreenOak for about $55.4million, according to records.
"They were buying it at completion," said Mark Demetre, a senior vice president at Colliers who is also working on leasing the two buildings, developed by La Jolla-based Badiee Development. "We have good activity on them."