Silver Nola Purchases $7.0M “Green Zone” Industrial Building in Oakland

Colliers International Group, Oakland, East Bay, Bay Area, Industrial Building

Colliers International Group, Oakland, East Bay, Bay Area, Industrial Building

40,000+ Square Foot Freestanding Warehouse Building Sale

Oakland, July 18, 2017 – Michael Donnelly, SIOR and Michael Carrigg, SIOR of Colliers International, represented 7955 Edgewater Properties, LLC in their sale of a 40,000 SF Industrial Building located at 7955 Edgewater Drive, Oakland, CA. This freestanding, single tenant building, situated on 1.91 Acres on Edgewater Drive off Hegenberger Road in Oakland, sold for $7.0M. Located in Oakland’s “Green Zone”, large scale cannabis cultivation and manufacturing are allowed if certain conditions are met, and indicates a location is zoned appropriately for dispensary licenses, delivery-only dispensary licenses, and each type of manufacturing license. Todd Winter, Winter LLP, represented the Buyer in this recent transaction.

About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.
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