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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.”
- ◦Sale/Acquisition


