Rising Realty Acquires Sacto Industrial Park

Los Angeles-based Rising Realty Partners (RRP) has purchased South Point Industrial Park, the firm’s second light industrial acquisition in Sacramento, CA this year. The four-building property totals 84,000 square feet and is 78% leased with 10 tenants.

“This is a great property that fits our criteria for a multi-tenant light industrial acquisition. There is value-add potential with flexible suite sizes, excellent ingress/egress with freeway access and visibility which presents valuable signage opportunities,” said RRP’s Scott Word. “The proximity of South Point Industrial Park to our other asset in Sacramento allows us to create operational efficiencies and economies of scale.”

Christoper Rising, the CEO of RRP added in a news release, “The Sacramento region shows strong market fundamentals with a resilient economy, growing population base and increasing demand for light industrial space.”