LDK Ventures Sells 617,760 SQFT Bay Area Distribution Center for $110.5MM

24493 Clawiter Road Hayward Bay Area Duke Realty Prologis CBRE CEVA
Photo by Marcin Jozwiak on Unsplash

State-of-the-art facility will be leased to single global Fortune 10 e-commerce company

VACAVILLE, Calif. – April 5, 2022 – LDK Ventures, in a joint venture with Pacific Coast Capital Partners, has sold its 617,760 square foot Class A distribution facility located at 4800 Midway Road in Vacaville, California. The 35.7-acre property was acquired by Nuveen Real Estate for $110.5 million (roughly $179 per square foot), and the facility will be 100-percent leased to a global Fortune 10 e-commerce company.

Cushman & Wakefield’s Northern California Capital Markets Group represented the seller/developer in the transaction.

LDK Ventures secured entitlements in 2019 and completed construction on the state-of-the-art facility in 2021. The building features 40’ clear heights, an ESFR sprinkler system, LED lighting, and cross-dock loading with 130’ to 180’ truck courts. 

“This cutting-edge facility is ideal for an e-commerce company,” said Denton Kelley, Managing Principal of LDK Ventures. “Its proximity to critical transportation hubs such as freeways and ports, paired with the proximity to the population centers of the Bay Area and Sacramento Valley, will support a company’s existing operations while simultaneously allowing them to expand.”

The facility is conveniently located along the intersection of Interstate 505 and Interstate 80 with access to regional truck lines, rail, and the San Francisco International and Sacramento International Airports.

To learn more about project developer LDK Ventures, visit www.LDKVentures.com.

West Coast Commercial Real Estate News