Rick Stone Of Sagard Real Estate Acquires Industrial Property From Rosalinde & Arthur Gilbert Foundation For $62.75M

The property involved in this transaction is a 10.83-acre industrial asset located at 2021 Farallon Drive in San Leandro, California. The sale price was $62,750,000 for a total of 260,989 square feet, translating to a price per square foot of $240. The facility was built in 1973 and underwent renovations last year, enhancing its operational capabilities. It is currently partially leased, specifically with 135,000 square feet occupied by Pacific Fusion.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $62,750,000
• Address: 2021 Farallon Drive
• Market: San Leandro
• Acres: 10.83
• Square Footage: 260,989
• Price Per Square Foot: $240
• Buyer: Rick Stone - Sagard Real Estate
• Seller: Rosalinde & Arthur Gilbert Foundation

Rick Stone represented Sagard Real Estate in this acquisition from the Rosalinde & Arthur Gilbert Foundation. This transaction underscores the ongoing investment interest in industrial properties within the San Leandro market, particularly concerning facilities capable of accommodating significant tenants.