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California  + Bay Area  + Industrial  | 
Graceada Partners has sold a multi-tenant industrial property in Sacramento at a 33% IRR two years after acquiring it

Graceada Offloads Multi-Tenant Sacramento Industrial

Modesto-based investment firm Graceada Partners has sold 915 N. B St., a 108,690-square-foot multi-tenant industrial development, in Sacramento. Terms of the sale and the buyer were not disclosed. The sale resulted in gross returns of 33% IRR and 1.7x MOIC.

The firm acquired the property in July 2021. Graceada’s strategy for the building included capital improvements and bringing below-market rent to the current market rate.

“We are pleased with the outcome of the 915 B Street sale, particularly considering the challenging circumstances currently facing the real estate market,” said Joe Muratore, co-CEO of Graceada. “The success of this sale speaks to the potential we saw in the Sacramento market two years ago. It reinforces our strategy and execution through any market cycle.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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