SAN FRANCISCO – Colliers International has completed the sale of a Light Industrial project located at 3340 Arden Rd. Hayward, CA 94545 spanning 102,122-square-feet for $20,750,000. The purchase includes three multi-tenant light industrial buildings which were at 87 percent occupancy at the time of the sale.
Colliers Executive Vice President Greig Lagomarsino and Senior Vice President Nick Ousman represented both the seller, the Roxborough Group, and buyer, Berkley Partners, in the transaction. “The sale highlights the continued demand from Institutional Buyers for well-located Industrial product in the East Bay/880 Corridor market. Sale values have remained historically strong even with all the obstacles 2020 has thrown at the world,” said Ousman.
With sale prices remaining at historical highs, the team was able to leverage buyer demand within the industrial investment space to bring the best value to both of their clients.
About Colliers International Group Inc.
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning approximately 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.