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Roofing Company Buys Industrial Portfolio Near Sacramento in Owner-User Sale

The Two-Building Property Sits in Rancho Cordova, California
The industrial warehouse at 3255 Monier Circle in Rancho Cordova, California. (CoStar)
The industrial warehouse at 3255 Monier Circle in Rancho Cordova, California. (CoStar)
By Jake Cunningham
CoStar Research
June 21, 2024 | 8:16 P.M.

The Sacramento-based business Madsen Roofing & Waterproofing has purchased a two-building industrial portfolio in nearby Rancho Cordova, California. The company bought the warehouse properties in an owner-user sale for $6.41 million — or about $167 per square foot — from Russell Mechanical, a locally based mechanical contractor.

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