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847 Industrial Parkway West
SOLD

Richard Weiss - Dalfen Industrial Purchases Industrial Assets From Centerbridge Partners L.P

847 Industrial Parkway West

Industrial
clock iconSold 79 days ago
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Summary

Sale
CALIFORNIA
Industrial

The acquisition of five industrial outdoor storage (IOS) sites on the West Coast by Dalfen Industrial was finalized for a total of $26 million. The properties included in the transaction are located at 847–877 Industrial Parkway West and 23422 Clawiter Road in Hayward, CA; 214 21st Street Northeast in Auburn & Lakewood, WA; 8328 South Tacoma Way in Tacoma, WA; and 12371 Los Nietos Road in Santa Fe Springs, CA.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,000,000
  • Buyer: Richard Weiss - Dalfen Industrial
  • Seller: Centerbridge Partners L.P
  • Market: Hayward, CA; Auburn & Lakewood, WA; Santa Fe Springs, CA

Richard Weiss from Dalfen Industrial led the acquisition, purchasing the IOS sites from the seller, Centerbridge Partners L.P. This deal represents a significant investment in industrial properties across multiple West Coast locations. The transaction reflects the strategic growth and expansion initiatives of both buyer and seller in the industrial real estate market.

Details

Deal Summary
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SOLD
IMAGE: 05/02/2024 ADDRESS: 847–877 Industrial Parkway West, 23422 Clawiter Road, 214 21st Street Northeast, 8328 South Tacoma Way & 12371 Los Nietos Road MARKET: Hayward, CA; Auburn & Lakewood, WA; Santa Fe Springs, CA ASSET TYPE: Industrial BUYER: Richard Weiss - Dalfen Industrial SELLER: Centerbridge Partners L.P SALE PRICE: $26,000,000 NOTE: Dalfen Industrial has acquired five industrial outdoor storage (IOS) sites on the West Coast, including two in San Francisco's East Bay, two in metro Seattle, and one in Southern California, with a total gross capitalization of around $26 million. These acquisitions were made in partnership with Centerbridge Partners L.P. as part of a strategic expansion into infill industrial markets near ports and key logistics infrastructure. The properties include leased sites in Hayward, California, and Auburn and Lakewood, Washington, along with a fully paved and fenced yard in Santa Fe Springs, California, where Dalfen plans select capital improvements before leasing the site.

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Address847 Industrial Parkway West

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