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Prologis Acquires “Unicorn” Low-Coverage Industrial in Hayward
CBRE brokered the sale of a 21,420-square-foot, cross-dock warehouse on 5.31 acres in Hayward from an undisclosed seller to Prologis. CBRE’s Chris van Keulen, Bob Ferraro and Michael Barry represented both the buyer and seller.
“Low-coverage opportunities of this size, quality and overall functionality rarely become available.” said van Keulen, an SVP with CBRE. “In addition to being a unicorn property in the East Bay, the seller meticulously took care of it over the course of their ownership, which resulted in a competitive process with attractive pricing amid the current economic environment.”
Located at 651 Sandoval Way in Hayward, the property has a remodeled office building, truck service maintenance building, significant employee parking and container parking stalls. The cross-dock warehouse has 50 dock positions and concrete truck wells. RPM Transportation is the sole tenant.
- ◦Sale/Acquisition


