(EDITOR’S NOTE: According to industry reporting, Realterm paid $7.8 million for 250 Hegenberger Road. The deal closed in June. In a second deal, which closed more recently, Realterm purchased 72/82 98th Ave., currently occupied by an auto repair shop and a Park N’ Fly, for $43 million.)
Realterm Logistics announces the acquisition of a 3.41-acre secured parking and storage facility located at 250 Hegenberger Road in Oakland, California. The well-designed facility provides 24/7 access to a safe, secure, well lit, fenced and fully paved property with two entry/exit points.
“This secured parking facility is a high-quality asset well located in the East Bay,” said Blair Duncan, Associate Vice President, Western Region Acquisitions. “This property is a valuable and unique addition to our portfolio and allows us to continue our commitment to acquiring the most functional supply chain properties across the country in key locations.”
Secured parking and storage facilities are highly sought after by final-mile fulfillment vendors which use them to stage their fleets. The excellent access and features of this property position it well to benefit from increased e-commerce and logistics demand for secured parking and storage facilities. The property is conveniently located one mile from the Oakland Airport, seven miles from downtown Oakland, 18 miles from downtown San Francisco and 35 miles from the Silicon Valley region.
“We are very pleased to add this secured parking and storage facility to our portfolio,” said Ed Brickley, Managing Director and Senior Fund Manager. “In-fill, expansive facilities such as this are highly sought after by vendors providing final-mile fulfillment services and are becoming increasingly scarce.”
Highlights of the property include:
- Land area: 3.41 acres
- Access: I-880
Nick Mascheroni, Justin Smutko, Mark Maguire and Paul Boskovich from Colliers helped facilitate the transaction.