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Ethan Conrad Properties Pays $5.8M for Three Warehouses in Woodland

Private Investor Sells 141,000-SF Tanforan Ave. Properties
February 9, 2018
Ethan Conrad Properties, a Sacramento-based real estate investment company founded in 1995, acquired the three industrial buildings totaling 140,800 square feet in Woodland, CA from a private investor for $5.8 million, or approximately $41 per square foot.

The single-story structures at 1460-1464 Tanforan Ave. are 92 percent leased to tenants including CrossFit Excitement, Woodland Gymnastics, A Rated Transmission and California Van Pool Authority.

The buyer plans to remodel the warehouses, which were built in 1979 and 1986, and raise rents to market value.

Dave Planting, vice president of CBRE, represented the buyer and handles the leasing efforts of the properties. Wally Sheffield of Sheffield Real Estate brokered the sale on behalf of the seller.

Please see CoStar COMPS #4123185 for more information on this transaction.
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