Forza Steps Into Sacramento Small-Bay Market With Dual Acquisition

Forza Properties has acquired two multi‑tenant industrial properties in the Sacramento region for a combined $9 million, extending investor interest in small‑bay assets that offer stable occupancy and infill locations. The trades add to a growing base of institutional and private capital targeting shallow‑bay product, which has remained insulated from some of the softening seen in larger, bulk-distribution facilities.

The purchases include 5753 Auburn Blvd. in Sacramento and 4044‑4046 Wayside Lane in Carmichael. CBRE's Matt Post, Anthony DeLorenzo and Sammy Cemo represented the LLC sellers.

CBRE's Matt Susac, Tyler Howell, Todd Sanfilippo and Walter Smyth handled leasing for the assets.

At 5753 Auburn Blvd., Forza paid $4.8 million for a multi‑tenant project that was 97% leased at the time of sale. The property consists of 22 suites across four single‑story industrial buildings, with units averaging about 1,400 square feet. Each suite has one roll‑up door, a clear height of roughly 16 feet and the site offers access to Interstate 80 from a main arterial corridor in the Foothill Farms area.

In Carmichael, Forza acquired 4044‑4046 Wayside Lane for approximately $4.2 million. The small‑bay project is fully leased and contains 17 units averaging 1,529 square feet, with 19 roll‑up doors and 12‑foot ceilings. The Carmichael property has undergone roof work, exterior painting, asphalt upgrades and interior renovations in recent periods and it also benefits from proximity to Interstate 80.

Both assets are multi‑tenant industrial projects aimed at smaller users, a segment that has attracted increased interest from private and regional buyers seeking diversified rent rolls and shorter lease terms. In many markets, that structure has translated into faster mark‑to‑market on rents and less exposure to the single‑tenant move‑out risk that has weighed on larger warehouse assets.

Infill industrial locations with smaller suite sizes in Sacramento have experienced relatively tight vacancy compared with some larger‑format warehouse product, as limited new construction has focused on big‑box logistics. That supply imbalance has effectively capped new competition for existing small‑bay parks, supporting rent growth even as broader industrial fundamentals have started to normalize.

While specific cap rates and rent levels for the trades were not disclosed, marketing materials for 5753 Auburn position the asset as a value‑add opportunity with in‑place rents below market and near‑term rollover that could allow an owner to mark rents to current levels.

That sets up a different business plan than at Carmichael and highlights why some buyers are assembling portfolios that blend stabilized, recently improved properties with selectively under‑rented assets in the same metro.