Dermody Properties Acquires 22.15 Acres in Northern California for LogistiCenter℠ at West Sacramento
Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired 22.15 acres of land at 2921 and 2925 Ramco St. in West Sacramento, Calif. to be developed into LogistiCenter℠ at West Sacramento. The two-building development is expected to be completed in the first quarter of 2022.
Building one will total 102,500 square feet and will be divisible to 25,000 square feet, and feature a 32-foot clear height, 25 dock high doors, two to four drive-in doors, 114 car parking stalls and 11 trailer stalls. Building two will total 284,580 square feet and will be divisible to 80,000 square feet, and offer a 36-foot clear height, 46 dock high doors, two to four drive-in doors, 197 car parking stalls and 44 trailer stalls.
Mike Zimmerman and Sean Merold of JLL presented the opportunity to Dermody Properties and will be the leasing brokers for the property.
LogistiCenter℠ at West Sacramento is located in the Southport Industrial Park, a 650-acre, master-planned business park. The location provides direct access to Interstate-80, Interstate-5 and Highways 50 and 99, allowing for convenient access to Sacramento International Airport and Downtown Sacramento, and a direct route to the Greater Bay Area. Amazon, Nor-Cal Beverage, DBI, Bogle Vineyard and Old Dominion Trucking have already leased or purchased buildings in the Southport Industrial Park.
The location of the property also provides access to multiple population hubs with over 2.2 million people residing within a 45-minute drive of LogistiCenter℠ at West Sacramento.
LogistiCenter℠ , a nationally trademarked brand owned and developed by Dermody Properties, represents the company’s business philosophy of developing Class-A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies.
For more information on LogistiCenter℠ at West Sacramento, please visit the Dermody Properties website.