SOLD
NorthMarq Sells Stevenson Business Park Office Property In Fremont For $23.4M
6100 Stevenson Boulevard
Office
116,780 SF
116,780 SF
Sold 15 days ago
Summary
Sale
CALIFORNIA
Office
116,780 sqft
The Men’s Wearhouse finalized the sale of a three-building office property in Stevenson Business Park, Fremont, California. The property, built in 1999 and renovated in 2012, spans 116,780 sq. ft. situated on 7.7 acres of Industrial-Tech (I-T) zoned land. The sale price for this asset was $23,400,000, equating to $200 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,400,000
- Address: 6100 Stevenson Boulevard
- Market: Fremont
- Square Footage: 116,780
- Acres: 7.7
Chase Dominguez of NorthMarq's Atlanta Commercial Investment Sales team represented The Men’s Wearhouse in the transaction. The buyer, a California-based private investor, saw significant local investor interest due to the property's I-T zoning, allowing for flexibility in repositioning the asset to meet evolving market demands. The office property is strategically located near Newpark Mall and Interstate 880, offering prime access to San Jose, Oakland, and San Francisco.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: 05/02/2024
ADDRESS: 6100 Stevenson Boulevard
MARKET: Fremont
ASSET TYPE: Office ~ ACRES: 7.7
SELLER: The Men’s Wearhouse
BROKER: Chase Dominguez - NorthMarq
SALE PRICE: $23,400,000
SF: 116,780 ~ PPSF: $200
NOTE: Chase Dominguez of Northmarq’s Atlanta Commercial Investment Sales team finalized the $23.4 million sale of a three-building office property in Stevenson Business Park, Fremont, California. The property, totaling 116,780 sq. ft. on 7.7 acres of Industrial-Tech (I-T) zoned land, was built in 1999 and renovated in 2012. Northmarq represented the seller, The Men’s Wearhouse, and the buyer was a California-based private investor. The property's I-T zoning generated significant local investor interest, providing flexibility for the buyer to reposition the asset to meet evolving market demands in a prime East Bay location near Newpark Mall and Interstate 880, strategically situated between San Jose, Oakland, and San Francisco.View on map
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Address6100 Stevenson Boulevard
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