Two Class A industrial buildings in American Canyon, CA sold

SAN FRANCISCO, Nov. 19, 2024 - JLL Capital Markets announced today the sale of two Class A industrial buildings in American Canyon, California, totaling 1,348,000 square feet.

JLL represented the seller, a global investment advisor, in the sale to EQT Exeter.

The assets, situated in Napa Logistics Park, include 1 Middleton Way, a 646,000-square-foot facility on 41.8 acres, fully leased to IKEA. The property features a 32-foot clear height, cross-dock configuration with 150 loading docks, four grade-level doors and ESFR sprinklers. The second property, 400 Boone Drive, is a 702,000-square-foot building on 37.4 acres, 50% leased to Biagi Bros, Inc. This state-of-the-art facility boasts a 40-foot clear height, 130 loading docks, four grade-level doors and ESFR sprinklers.

These strategically located properties are situated just 7.5 miles from the intersection of I-80 and I-680 in Fairfield, providing excellent access to major thoroughfares throughout the Bay Area. The assets benefit from proximity to significant population centers, with 7.4 million residents within a 55-mile radius. Additionally, the properties offer premier access to multimodal transportation options and are surrounded by high-profile corporate neighbors in the area.

The JLL Investment Sales and Advisory team was led by Managing Director Ryan Sitov and Director Melinda Marino. Senior Managing Directors Glen Dowling and Matt Bracco and Managing Director Chris Neeb served as the local market contacts.

"The Napa Logistics Park properties offer a rare combination of scale, quality and location in the tightly constrained Bay Area market," said Sitov. "With their state-of-the-art building specifications and strong infill location, these assets are well-positioned to deliver long-term value."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.