Westcore Properties acquires Fremont Value Add for $45M

Comparable details:

Address: 47400, 47422, 47444 and 47550 Kato Rd, Fremont, CA (Kato Industrial Park)

Seller: New York Life Investments

Buyer: Westcore Properties

RBA SF: 673,177

Lot size: 41.96 AC (1,827,777 SF)

Selling price: $45,600,000 ($67.74 PSF)

Type: Flex – R&D Space

The property was approximately 62% leased at the time of sale. Westcore plans to upgrade the facilities through a number of capital improvements.

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