Nathaniel Hagedorn Of NorthPoint Development Acquires Sierra View Business Park From Link Logistics For $96.3M

The industrial asset, Sierra View Business Park, is located at 8860-8800 Industrial Avenue & 8855-8875 Washington Boulevard in Roseville, CA. This property, which spans a total of 712,733 square feet, was sold for $96,300,000, showcasing a price per square foot of approximately $135.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $96,300,000
• Buyer: Nathaniel Hagedorn - NorthPoint Development
• Seller: Luke J. Petherbridge - Link Logistics
• Brokers: Jim Linn, Andrew Briner, Aaron Banks & Luke Easton - Newmark; Todd Sanfilippo - CBRE
• Lender: The Hartford Financial Services Group
• Mortgage Brokers: Andrew Gibson, Nicole Sayers & Jeremy Thornton - Colliers
• Previous Sale Price: $58,300,000 (in 2018)

This transaction involved several key players, including NorthPoint Development led by Nathaniel Hagedorn and Link Logistics represented by Luke J. Petherbridge. The brokerage firms Newmark and CBRE facilitated the sale, while financing was organized by Colliers, staffed by Andrew Gibson, Nicole Sayers, and Jeremy Thornton. The property was acquired fully leased, indicating established tenant occupancy during the transaction.