Marcus & Millichap closed the sale of 13350 New Airport Rd., a 61,334 square-foot industrial facility in Auburn. The asset sold for $8,500,000 or $138.59 per square-foot.
“Auburn continues to attract investors seeking well-located industrial assets with long-term value, driven by its strategic access to Interstate 80, proximity to the Sacramento workforce and limited industrial inventory,” said Ross Relles, associate director investments. “The size of this corporate headquarters, research and development, and assembly sale-leaseback transaction, combined with the seller’s five-year lease-back, provided the buyer with an institutional-quality asset offering immediate income stability and long-term investment potential.”
Relles, Mark Hefner and Zach Sattler, investment specialists in Marcus & Millichap’s Sacramento office, marketed the property on behalf of the seller, Ceronix, Inc. The buyer, a Utah-based private investor, was represented by an outside broker.
The 6.6-acre property is located adjacent to the Auburn Airport Industrial Park and near the Auburn Municipal Airport. Its location provides convenient access to major transportation corridors and supports a variety of light industrial uses, including manufacturing, assembly and research and development.
