Scott Nuttall And Joseph Bae Of KKR Acquire Industrial Property From Luke J. Petherbridge For $79.5M

The industrial property located at 47020 Kato Road in Fremont has a total square footage of 209,700. The sale was completed at a price of $79,500,000, which results in a price per square foot of $379. The property is currently occupied by RK Logistics and is situated in a market with a 3.8% vacancy rate in Fremont.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $79,500,000
• Sale Price per Square Foot: $379
• Total Square Footage: 209,700
• Address: 47020 Kato Road
• Market: Fremont
• Buyer: Scott Nuttall & Joseph Bae - KKR
• Seller: Luke J. Petherbridge - Link Logistics

Scott Nuttall and Joseph Bae, representing KKR, were involved in the acquisition of the Frontier Elm Business Center from seller Luke J. Petherbridge of Link Logistics. This sale highlights the activity in the East Bay industrial market, noted for its cooling performance.