Cushman & Wakefield Reps Buyer in Disposition
(EDITOR’S NOTE: According to public documents, the sale of this property was recorded on 12/20/17. The sale closed for $23,820,000.)
OAKLAND, Ca. – Cushman & Wakefield announced today the sale of a business complex located at 25858 Clawiter Road in Hayward – a 195,000 square foot industrial site on a parcel of 9.59 acres consisting of three buildings, one a manufacturing building and the other two equipment rental/distribution buildings. The site also includes a large secured yard.
Cushman & Wakefield’s Managing Director, Kate Woodcox, represented the buyer, CenterPoint Properties, and Dan Bergen from Colliers International and Richard Sutherland from The Sutherland Company represented the seller, Thomas Kewell from Clawiter Associates LLC.
Clawiter Associates LLC has owned the property for more than 50 years.
The project is 100 percent leased, two prominent tenants include Goodyear Tires and The Companion Group, Inc., and the site is in a high value location – along Highway 92 at the base of the San Mateo Bridge approach with excellent freeway access, centrally located in the middle of the 880 Corridor and equally convenient in proximity to the Port of Oakland, the Oakland Airport, the SFO Airport and the Peninsula real estate market.
Kate Woodcox said the property is a rare, unique asset in that this amount of acreage with incredibly high freeway identity and visibility is essentially non-existent within the Bay Area market.
“Coupled with the immediate access to the freeway, this is a prized property. The site attracts a large range in tenants because of the location and many uses that the buildings can accommodate: distribution, manufacturing, wholesale, equipment rental, and yard driven companies for example,” Woodcox said. “It attracts national credit tenants and local users located both on the Peninsula and within the 880 Corridor.”
CenterPoint Properties-CenterPoint is a market leader in the development, redevelopment, acquisition and management of industrial real estate and transportation infrastructure to enhance business and government supply chain efficiency. The Company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. They are continuously growing their footprint exponentially in Northern California.