Northgate Industrial Park
|Size:||265,686 square feet|
Northgate Industrial Park is a planned repurpose of the 17.6-acre former Fry’s Electronics mega store site in Sacramento, CA (“The Property”). The previous Fry’s building is planned to be converted into an industrial warehouse facility (156,013 sf), and a new warehouse building (109,673 sf) will be constructed on the existing surface parking lot. Together, the buildings total 265,686 square feet and will create the Northgate Industrial Park.
The Property is located at 4100 Northgate Boulevard in the North Natomas submarket. The site sits at the corner of Northgate Boulevard and Interstate 80, providing excellent freeway access and visibility with 142k cars daily. The Property is a 10-minute drive from the Sacramento International Airport to the West and the Sacramento McClellan Airport to the East. The Property is approximately 90 miles from the Port of San Francisco and the Port of Oakland. There are multiple overnight courier centers within 10 miles of the site. According to CBRE, the Sacramento Industrial Market ranks in the top 10 nationally for rent growth.
The existing building is planned to have 18 dock doors and 5 grade-level doors for easy ingress and egress for trucks and trailers. The new building is planned to provide 19 dock doors and 8 grade-level doors. Both buildings will be interconnected by shared driveways and drive aisles and can be demised to allow the buildings to accommodate both smaller multi-tenant users and large single-tenant users that could lease the entirety of one or both buildings.
In December 2022, LaTerra received final entitlement approvals for the Northgate Industrial Park, and construction is anticipated to commence in mid-2023.