Marcus & Millichap has completed the sale of an industrial property at 13350 New Airport Rd., a 61,334-square-foot facility in Auburn that serves as a corporate headquarters, research and development, and assembly location. The asset traded for $8,500,000, which equates to $138.59 per square foot for the single-building industrial property.
The transaction was structured as a sale-leaseback with the seller, Ceronix, Inc., committing to a five-year lease-back of the facility. This approach allows Ceronix to unlock equity from its real estate while continuing operations on-site, providing the buyer with a fully occupied property and predictable near-term cash flow. The facility size and corporate-use profile underpin its role as a key operational hub for the seller.
According to Marcus & Millichap, investor interest in Auburn industrial assets is supported by the citys strategic access to Interstate 80, its proximity to the Sacramento-area workforce and a backdrop of limited industrial inventory. These factors, combined with the sale-leaseback structure, were cited as contributing to the assets positioning as an institutional-quality investment with immediate income stability and long-term potential for the purchaser.
The seller, Ceronix, Inc., engaged Marcus & Millichap to market the property and execute the disposition. The marketing effort was led by Ross Relles, associate director investments, along with investment specialists Mark Hefner and Zach Sattler out of the firms Sacramento office. On the buy side, a Utah-based private investor acquired the property and was represented by an outside broker not affiliated with Marcus & Millichap.
The 6.6-acre site is situated adjacent to the Auburn Airport Industrial Park and near the Auburn Municipal Airport, placing the property within an established industrial node. Its location offers direct access to major transportation corridors, which supports distribution and operational efficiency for occupiers. The facility can accommodate a range of light industrial uses, including manufacturing, assembly, and research and development, aligning with both the sellers current activities and potential future tenant demand.
With a long-term corporate tenant in place under the sale-leaseback and a location in a constrained industrial subarea, the buyer gains exposure to a stabilized income stream backed by an operating company. For Ceronix, the transaction monetizes a significant real estate asset while preserving business continuity at its existing headquarters and production facility.
