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Home Finance NorthPoint Development Pays $87.5MM for 534,550 SQFT Benicia Industrial Portfolio
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NorthPoint Development Pays $87.5MM for 534,550 SQFT Benicia Industrial Portfolio

August 28, 20263 Mins read538
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CBRE brokered the sale of the fully leased, 19-tenant portfolio at roughly $164 a square foot, betting on a small-bay, dock-high niche the firm says is running below 2 percent vacancy even as the surrounding Solano County industrial market cools. NorthPoint Development has paid $87.5 million for a nine-building, 534,550-square-foot multi-tenant industrial portfolio in the […]

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