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California  + Bay Area  + Industrial  | 

Shallow Bay Industrial Portfolio Trades in East Bay

Newmark arranged the sale of Sierra Trinity, an 11-building, shallow bay industrial portfolio located in the East Bay city of Dublin. Executive vice chairman and president, Western Region Capital Markets Steven Golubchik, vice chairman Edmund Najera, senior managing director Darren Hollak and associate director Brendan Raney represented the undisclosed seller and buyer.

“The marketing process for Sierra Trinity yielded a deep bid pool of institutional, local and family office buyers,” said Golubchik. “The competitive marketing process demonstrated the demand for multi-tenant, shallow bay industrial product in infill locations.”

Sierra Trinity, located at 6701 Sierra Ct., was 97% leased at the time of the sale to nearly 40 tenants across a variety of industries. The property provides strong in-place cash flow with an average commitment exceeding nine years, as well as potential future upside by marking rents to market and an average rental rate increase of 7% from renewing tenants.

Read More News Stories About: Newmark
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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