“We were thrilled to have the opportunity to work on behalf of Lighthouse for the Blind & Visually Impaired, in the disposition of this asset as they relocated operations to Alameda, CA,” said Justin Smutko,
Smutko added, “The successful transaction of this property clearly reflects the continued user and investor demand along the I-880 corridor for well-located freestanding industrial buildings with an excess land component.”
The property offers a multi-tenant configuration with units of varying sizes that support retail and industrial uses. Approximately +10,000 square feet space industrial space and nearly +6,000 square foot retail space were leased at the time of the sale, and the buyer plans to occupy the balance of the property.
The building is fully sprinklered with +16 foot minimum clear height throughout the warehouse area, multi-tenant configuration, additional paved and secured land, and dock and grade level loading. The underlying Community Commercial zoning allows for various types of future retail development. It is conveniently located in the Central East Bay with excellent access to I-880, I-580 and Highway 238.
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Allison + Partners Northern California