Entirety of NorthBay Logistics Center II Project Sold
VACAVILLE, Calif. – June 22, 2022 – LDK Ventures, in joint venture with Pacific Coast Capital Partners, has sold a 93,000 square foot Building B of the NorthBay Logistics Center II development, located at 4800 Midway Road in Vacaville, California. The Class A distribution facility was purchased by Mettler-Toledo Rainin, LLC for $20.2 million (roughly $217 per square foot) and marks the final sale of the NorthBay Logistics Center II project.
Brooks Pedder, John McManus and Tony Binswanger of Cushman & Wakefield represented the LDK Ventures and Pacific Coast Capital Partners partnership in the transaction. Ryan DeAngelis of CBRE represented the buyer.
LDK Ventures began construction on Building B in May 2021, and it was completed in January 2022. In March 2022, LDK secured a buyer for Building A, a 616,000 square foot building completed in July 2021, which is now leased to a Fortune 10 global ecommerce tenant.
“This is a state-of-the-art warehouse facility in an ideal location for commerce,” said Denton Kelley, Managing Principal of LDK Ventures. “NorthBay Logistics Center II is a logical destination for businesses seeking access to expanded labor and affordable facilities.”
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.
ABOUT LDK VENTURES
LDK Ventures, LLC (LDK) is an entrepreneurial real estate development and investment company. The LDK team has significant experience in the development of industrial and multifamily projects. LDK also has significant experience in the planning and development of mixed use master-planned communities. LDK also has a history successfully acquiring value-add multifamily and industrial properties and distressed real estate investment opportunities.