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December 10, 2024
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NORTHERN CALIFORNIA NEWS
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Newly Constructed 618k sf NoCal Distribution Facility Trades

3/29/22

A newly constructed 617.8k sf, Class A distribution/e-commerce facility on 35.7 acres in Vacaville was acquired by an unnamed global real estate investment manager. It was sold by a joint venture of LDK Ventures and PCCP LLC.

Built in 2021 and located at 4800 Midway Rd, midway between San Francisco and Sacramento, the single-tenant asset is currently 100% leased to a global Fortune 10 e-commerce company. It is situated along Interstate 505 near its intersection with Interstate 80, a primary logistical route.

The state-of-the-art property features desired 40’ clear heights, 54’x50’ column spacing, cross dock loading with 130’ truck courts, LED lighting, and ESFR fire suppression. The location provides convenient access to the regional truck lines, national rail carriers, and the San Francisco International and Sacramento International Airports. It is also proximate to the Port of Oakland.

Steve Hermann, Seth Siegel, Ryan Venezia, Rick Ryan and Kevin Flemming of Cushman & Wakefield’s Northern California Capital Markets Group represented the seller in the transaction. The firm’s Brooks Pedder, John McManus and Tony Binswanger also provided market advisory.

“This was a tremendous Class A industrial property supported by an investment-grade tenant and compelling transportation and labor metrics, which made this a rare investment opportunity of scale in one of the most desirable industrial regions in the world,” said Hermann. “Surrounded by a large population of over 7.5 million within a 60-mile radius, the property serves as a mission critical facility for the tenant and the location has been strategically chosen to meet the rising demands of deliveries within the Bay Area and Western U.S. as a result of the exponential growth in e-commerce.”





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