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1/08/25
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Realterm has purchased the Fremont Industrial Outdoor Storage (IOS) Portfolio, comprising two fully leased properties totaling 267.2k sf in the prime Fremont submarket of Silicon Valley, in a $25.875 mil deal. The portfolio consists of 5120-5170 Brandin Court, a 2.40-acre site, and 44533 S. Grimmer Blvd, a 3.73-acre site.
5120-5170 Brandin Court is fully leased to Herc Rentals, a leading equipment rental company. This property includes a 15.8k sf warehouse with 22-foot clear heights and four grade-level doors. 44533 S. Grimmer Boulevard is fully occupied by Hallcon Corporation, a transportation services provider. This facility features a 39.6k sf warehouse with 22-foot clear heights and five grade-level doors.
Both sites feature strategic infill locations along Interstate 880, providing superior connectivity to the Western U.S. and global economy. The properties are situated approximately 29-40 miles from Oakland and San Francisco, offering exceptional local and regional access to the greater Bay Area, with a population of over 8.3 million within a 50-mile radius.
Ryan Sitov and Melinda Marino with JLL Capital Markets represented the seller, Lift Partners.
"This portfolio sale highlights the growing investor demand for industrial outdoor storage assets in core infill locations," said Sitov. "The Fremont IOS Portfolio offers stable cash flow from credit tenants, coupled with long-term value appreciation potential in one of the nation's most supply-constrained industrial markets. The properties' recent renovations, strategic locations and strong tenancy make them particularly attractive assets and highly sought-after."
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