California + Bay Area + Industrial | March 16, 2021

Fully Leased McClellan Submarket Warehouse Finds Buyer

5440 Stationers Way is in a last-mile location in the McClellan Industrial submarket of Sacramento and has access to critical infrastructures including Interstates 80 and 15 to aid in last-mile delivery to 2.4 million Sacramento-area residents. The 267,284-square-foot single-tenant triple-net-leased industrial warehouse recently sold for $26 million to STAG Industrial.

Essendant has occupied the building for 27 years and recently renewed its lease.

JLL marketed the property on behalf of the seller, Goldrich Kest. The team was led by Ryan Sitov, Mark Detmer and Andie Fezell along with local market experts Mike Zimmerman and Sean Merold.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.