We are excited to announce that Westlake Realty Group has closed on its first industrial outdoor storage (IOS) acquisition: 1441 Richards Blvd, a 40,184 square-foot infill IOS site located in the heart of Sacramento’s rapidly transforming Richards Boulevard corridor.
This off-market opportunity has in-place rents that are significantly under market, and strong tenant demand presents a clear mark-to-market path. The Richards submarket is among the most supply constrained industrial submarkets in Sacramento, recording a 2.9% vacancy rate as of Q3 2025 and poised for additional growth from the adjacent 244-acre Railyards redevelopment.
We want to extend a special thanks to our family, friends, brokers (Sean Merold, SIOR and Breeze Singh) and partners for their continued trust. We are grateful for the enthusiasm and support of our investors as we continue to grow our IOS investment platform. Please feel free to reach out if you would like to learn more about investing in IOS.
Lino Campanile Stew Cedarleaf Brandon Rowell Kelly Chang Levine #IOS #acquisitions #realestate
