West Sacramento, CA – September 19, 2024 - Lee & Associates is pleased to announce the successful sale of a unique heavy industrial-zoned property at 3961 Channel Drive, West Sacramento. The 23.55-acre site, which features direct access to the Sacramento Deep Water Ship Channel, was sold to Teichert Inc., a prominent construction firm, for $17.99 million under its affiliate, Greencycle Properties LLC. Alex Weiss and Greg Pieratt of Lee & Associates represented the Seller, Yara North America.

 

"Heavy industrial-zoned land is in extremely short supply," said Alex Weiss, a principal at Lee & Associates, who brokered the transaction. "The value of such properties has been consistently rising due to their scarcity."

 

The site, formerly used by global agribusiness company Yara International as a fertilizer supply port, was decommissioned a year ago. It includes one existing building, rail spurs, and 5.5 acres of undeveloped industrial land. The property's prime location and zoning made it highly attractive to prospective buyers.

 

Teichert, through its spokesman Clark Hulbert, expressed the company's intention for the site: "We acquired the property to expand our recycling and related business operations." In addition to its industrial land and facilities, the new owner will benefit from a water berth, leased through the Port of West Sacramento, further increasing the site's strategic value. "The property garnered significant interest due to its rarity and ideal zoning," Weiss said. "It's not often that an opportunity like this comes along, and it required thorough due diligence from the buyer."