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12/11/20
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A 102.1k sf, light Industrial project in Hayward sold for $20.75 mil, or $203 per sf. The property, located at 3340 Arden Rd, includes three multi-tenant light industrial buildings which were at 87% occupancy at the time of the sale.
Greig Lagomarsino and Nick Ousman with Colliers International represented the buyer, Berkley Partners, and the seller, the Roxborough Group, in the transaction.
“The sale highlights the continued demand from institutional buyers for well-located Industrial product in the East Bay/880 Corridor market. Sale values have remained historically strong even with all the obstacles 2020 has thrown at the world,” said Ousman.
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