Bay Alarm Buys Concord Property for $7.9MM

5130 Commercial Circle photo 2Colliers International Completes Sale of 5130 Commercial Circle in Concord, CA to Bay Alarm

Concord, CA, March 14, 2016 – Colliers International’s Fairfield and Walnut Creek offices, which cover Solano, Napa and Contra Costa counties, recently completed the sale of 5130 Commercial Circle in Concord, CA to Bay Alarm.

Bay Alarm has been providing residential and business property security in California since 1946, and is committed to the professional organizations that benefit California communities and are dedicated to keeping those communities educated, safe and protected.

5130 Commercial Circle is a 66,306 square foot office/flex building located on a 7.75 acre campus in the North Concord Business Park. Bay Alarm purchased the property, formerly occupied by Heald College, from Moraga Enterprises, LLC for $7,900,000 or $119.14 per square foot.

Phil Garrett, Executive Managing Director of Colliers International’s Fairfield office, and Eric Erickson, Senior Vice President in Colliers International’s Walnut Creek office, represented both the buyer (Bay Alarm) and the seller (Moraga Enterprises, LLC) in the transaction.

About Colliers International
Colliers International is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in Solano and Napa counties, follow Twitter: @Colliers_FAI.

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