We are excited to announce that Westlake Realty Group has closed on an industrial outdoor storage (IOS) facility in West Sacramento, CA: 601 Harbor Blvd and 600 Glide Ave, a 4.23-acre site improved with a paved yard and two buildings totaling 1,800 square feet.
The property is leased to XTRA Lease through November 2026, providing in-place cash flow while we reposition the asset. XTRA has already relocated to a newly built, owned IOS facility nearby, allowing us to proactively market the site for lease and complete minor make ready work ahead of their lease expiration. We plan to lease the property to two tenants on 3-5 year terms, followed by a refinance and hold.
IOS vacancy in the Sacramento MSA is 1.2% - among the lowest of any major market nationally – and West Sacramento remains one of the most supply constrained industrial submarkets in the region. Notably, XTRA’s own relocation absorbed what was the last remaining industrial parcel in West Sacramento suitable for redevelopment, underscoring how little land remains for this use. With strong access to Interstates 5 and 80, and minutes from the Port of West Sacramento and downtown, the site sits within one of Northern California’s most durable infill logistics corridors.
As we continue to scale Westlake’s IOS investment platform, we extend a special thanks to our family, friends, brokers (Michael Zimmerman, Sean Merold, SIOR, Ryan DeAngelis, SIOR & Jimmy Landis), and partners for their continued trust and support. Onward to the next!
