CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California
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CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California
BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have …
NorthPoint Development Pays $87.5MM for 534,550 SQFT Benicia Industrial Portfolio
CBRE brokered the sale of the fully leased, 19-tenant portfolio at roughly $164 a square foot, betting on a small-bay, dock-high niche the firm says is running below 2 percent vacancy even as the surrounding Solano County industrial market cools. NorthPoint Development has paid $87.5 million for a nine-building, 534,550-square-foot multi-tenant industrial portfolio in the […] The post NorthPoint Development Pays $87.5MM for 534,550 SQFT Benicia …
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