The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Terreno Continues Buying Spree, Snatches up Union City Industrial Projects

Address: 33306-33580 Alvarado-Niles Rd, Union City, CA

Seller:   Westcore

Buyer:   Terreno Realty Corp

RBA SF: 170,086 (between 3 buildings)

Lot size:  10.04 AC (437,342 SF)

Selling price: $23,800,000 ($139.93/SF )

Type:   Industrial – Warehouse/retail

This is another example of the strengthening of the industrial markets on both sides of the bay.  Kidder Mathews sold this building to Westcore in April of 2012 for $13 million, which now seems like a bargain.  It is a strategic piece for Terreno however, since they are also purchasing the new development directly behind this acquisition upon completion of the new construction for a reported $37.2M.  The adjacent site was formerly a SF Chronicle paper plant.

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This entry was posted on December 17, 2014 by in Alameda County, East Bay, Industrial, Recent Sales and tagged , , , .
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