CBRE Arranges $35M Sale of San Leandro Industrial Property
CBRE represented both parties in the $35 million sale of a small-bay industrial property in San Leandro, CA. The firm’s Michael Barry, Chris van Keulen and Bob Ferraro arranged the transaction between the buyer, Terreno Realty and the seller, Reynolds and Brown which built the facility in 1971.
The 106,000-square-foot complex on Teagarden Street, includes five buildings, 12 dock high loading docks, eight grade-level loading positions and parking for 119 cars. It is located along the I-880 Freeway, just minutes from the Oakland Airport and Port of Oakland.
“We’re very pleased with the arrangement and the ability to secure competitive offers for a property that rarely sees any vacancies. The property has been professionally and meticulously maintained over the years, as evidenced by the sellers’ longstanding ownership,” said van Keulen in a news release.
- ◦Sale/Acquisition
