CenterPoint Properties Sells 49 Acre Industrial Facility In Lathrop For $85 Million

The transaction involved the sale of a 935,120-square-foot industrial facility located at 18100-18300 South Harlan Road in Lathrop, California. The property, which spans 49 acres, was sold for $85 million, translating to a price per square foot of $91. Home Depot is the sole tenant of this facility and it benefits from proximity to major thoroughfares including Interstate 5 and Highway 120.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $85,000,000
• Address: 18100-18300 South Harlan Road
• Market: Lathrop
• Asset Size: 49 acres
• Square Footage: 935,120
• Price Per Square Foot: $91
• Seller: Bob Chapman - CenterPoint Properties
• Brokers: Alex Hoeck, Gian Bruno, Gregory O'Leary, Kenny Patricia, Kylie Jones, Michael Goldstein, Michael Kendall, Nick Mascheroni, Ryan McShane & Wes Widmer - Colliers

This transaction featured key representatives including Bob Chapman from CenterPoint Properties, the seller of the property. The deal was brokered by a team from Colliers, showcasing collaboration among multiple brokers to facilitate the transaction.