We are the Sacramento and Central Valley’s premier commercial real estate team focused on industrial properties and land. We can assist you in all aspects of industrial and commercial real estate including leasing, owner/user sales, land assemblage, landlord & tenant representation, and investment sales.
A Message for August.
Steady Market for Summer
The Sacramento Industrial Market remained steady during the second quarter 2008, with vacancy rates increasing a mere 30 basis points over the previous quarter and finishing at 10.9 percent. The slight increase in vacancy was a reflection of negative net absorption, the quarter closing with approximately 400,000 square feet of negative net absorption. Year-to-date net absorption stands at a healthy 692,000 square feet.
Only three submarkets managed to avoid vacancy increases – Roseville/Rocklin/Lincoln, Folsom/El Dorado Hills and Woodland all experienced slight decreases in vacancy during the quarter. The main submarkets contributing to the overall increase in vacancy included Northgate/Natomas, which rose approximately two percent over the previous quarter and I-80/McCellan, which also saw an almost two percent increase in vacancy. Downtown, West Sacramento, South Sacramento/Elk Grove, Power Inn/South Watt and Highway 50 all continued the trend of minor increased vacancy rates.
Notable transactions during the quarter included the sale of 40,800 square feet at 3701 Pell Circle to Reverse Exchange and a lease for Ryan’s Express Motorcoach for 21,800 square feet at 3011 Academy Way.
Should you have any questions, we can be reached at theteam@sacvalleyindustrial.com and at either 916-418-6000 or 209-473-3000.
Please enjoy our Pun of the Day:
Every time you work on something outside your expertise, you are losing money.
Are you asking yourself any of these questions?
Is it time for my company to expand or relocate?
Why is my building vacant? How can I get it leased?
Who can help me find commercial property in the Sacramento and Central Valley areas?
What is going on in the local commercial real estate market?
How can I find out what my industrial property is worth?
If so, we are the solution to all of your commercial real estate needs.
Please click here to let us assist you now. We will respond to all inquiries within one (1) business day.
About Us.
We are a group of real estate professionals at Grubb & Ellis in Sacramento and Stockton, California with over 30 years of combined experience in commercial real estate.
Please browse through our available properties to see the warehouses, flex/office/showroom spaces, and land/yard listings.
We have completed hundreds of real estate transactions over the years.
Grubb & Ellis Sacramento 1610 Arden Way Ste 195 Sacramento, CA 95815
Fax: (916) 418-0231
theteam@SACValleyIndustrial.com
Grubb & Ellis Increases Presence in Central Valley Sacramento - Wednesday, August 20, 2008: Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that it has increased its presence in the Central Valley with the relocation of its Stockton office to a new, larger location. The company has had an office in Stockton since 1986.
Working from the new office will be Tim Pryor, Bryce MacDonald, Matt Cologna, Kye Huff, and Amy Ruiz.
The Central Valley is a major center of agri-business, assembly/manufacturing and logistics services. Its central location and two major intermodal facilities make San Joaquin County attractive to many distribution and manufacturing businesses.
“We have long served the Stockton market,” said Bob Dean, Executive Vice President and Regional Managing for Grubb & Ellis in the Pacific Northwest. “This new office will allow us to provide our clients with an even higher level of service.”
The new office is located at 3031 W. March Lane, Suite 103 in Stockton. The phone number is 209.473.3000.
Grubb & Ellis Increases Presence in Central Valley Sacramento - Wednesday, August 20, 2008: Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that it has increased its presence in the Central Valley with the relocation of its Stockton office to a new, larger location. The company has had an office in Stockton since 1986.
Working from the new office will be Tim Pryor, Bryce MacDonald, Matt Cologna, Kye Huff, and Amy Ruiz.
The Central Valley is a major center of agri-business, assembly/manufacturing and logistics services. Its central location and two major intermodal facilities make San Joaquin County attractive to many distribution and manufacturing businesses.
“We have long served the Stockton market,” said Bob Dean, Executive Vice President and Regional Managing for Grubb & Ellis in the Pacific Northwest. “This new office will allow us to provide our clients with an even higher level of service.”
The new office is located at 3031 W. March Lane, Suite 103 in Stockton. The phone number is 209.473.3000.
Recently Completed Deal Located in West Sacramento with quick access to the Capital City Freeway, 2345 Evergreen Avenue is a +/-8,400 square foot industrial warehouse building built in 1982. This single tenant property...
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Recently Completed Deal Sacramento - Wednesday, August 20, 2008: Closed in June 2008, 3104 Sunset Blvd is a multi-tenant office building located in Rocklin along the Highway 65 Corridor. Matt Cologna and Kye Huff represented the Seller in this transaction. Rocklin is among the most rapidly growing communities in Placer County. For more information on this deal, please contact Matt at 916-418-6016.
