Seagate negotiated the purchase of this manufacturing/distribution warehouse facility located on 8.2 acres of land.
The property was acquired at a substantial discount to market value due to the fact that it was encumbered by rents which were 30% below comparable market rental rates.
Seagate identified, negotiated, and structured the purchase of the property on behlaf of an investment client as their investment advisor.
Project Details:
Location
Newark, CA
Size
161,280 sq. ft.
Type
Warehouse / R&D
Seagate Contributions
Acquisition
Asset Management
Property Management
Asset Management
Property Management
Status
Sold 2007