Hyperlink Logistics has bought Sierra View Enterprise Park, a 712,733-square-foot industrial campus in Roseville, Calif., a Sacramento submarket, in response to Yardi Analysis Information. NorthPoint Growth acquired the asset for $96.3 million.
The client additionally took out an acquisition mortgage originated by The Hartford Monetary Companies Group. Newmark and CBRE brokered the sale, whereas Colliers organized the financing. The services have been absolutely leased on the time of sale with a weighted common remaining lease time period of greater than 3 years.
The property beforehand traded in March 2018, when Hyperlink Logistics acquired it for $58.3 million, the identical supply exhibits. Longmeadow Growth was the vendor again then.
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Positioned at 8860-8800 Industrial Ave. and 8855-8875 Washington Blvd., Sierra View Enterprise Park is near Freeway 65 and Interstate 80. Sacramento Worldwide Airport is 32 miles southwest, whereas downtown Sacramento is 24 miles away.
The 108,000-square-foot Constructing 1 got here on-line in 2007, that includes 30-foot clear heights, three drive-in doorways and 9 dock doorways, in addition to greater than 110 parking areas.
Constructing 2 and three span 201,600 sq. ft every. Accomplished in 1999 and 2000, respectively, the warehouses have 30-foot clear heights and 4 drive-in doorways.
Developed in 1996, Constructing 4 measures 201,533 sq. ft and has 22 dock doorways and two drive-in doorways. Moreover, the whole workplace space of the 38-acre property is 65,394 sq. ft.
Newmark Government Managing Director Jim Linn and Andrew Briner, Affiliate Director Aaron Banks and Senior Monetary Analyst Luke Easton, together with CBRE Government Vice President Todd Sanfilippo, led the sale course of. Colliers Senior Vice Presidents Andrew Gibson and Nicole Sayers, in addition to Government Vice President Jeremy Thornton, organized the financing.
Hyperlink Logistics’ latest offers
Hyperlink Logistics’ industrial portfolio as of June comprised 500 million sq. ft throughout a number of key U.S. distribution markets. The agency lately bought a three-asset industrial assortment comprising 505,000 sq. ft. BKM Capital Companions and Kayne Anderson Actual Property bought the properties for greater than $120 million.
In June, Hyperlink bought a lightweight industrial campus in Miami. East Capital Companions acquired the 371,976-square-foot, three-building asset.
