The US Industrial REIT has purchased a 1.2 million-square-foot industrial portfolio in Woodland, Calif.
The value of the transaction was $51 million.
The purchase consists of three one-story, class A buildings: Tide Court A, 221 Hanson Way and 2222 East Beamer St.
At the time of sale, the three buildings were leased to two tenants – Hewlett Packard and Advanced Marketing Services, both serving regional and national customers. The Hanson Way and Beamer Street buildings include high-tech security monitoring and surveillance and walls that fall below grade level pop-outs, allowing the buildings to be easily cross-docked.
US Industrial REIT is an affiliate entity sponsored by USAA Real Estate Co. The REIT owns 20 properties including more than 11 million square feet of industrial product valued at more than $450 million.
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