NorthMarq Sells Stevenson Business Park Office Property In Fremont For $23.4M

The Men’s Wearhouse finalized the sale of a three-building office property in Stevenson Business Park, Fremont, California. The property, built in 1999 and renovated in 2012, spans 116,780 sq. ft. situated on 7.7 acres of Industrial-Tech (I-T) zoned land. The sale price for this asset was $23,400,000, equating to $200 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,400,000
• Address: 6100 Stevenson Boulevard
• Market: Fremont
• Square Footage: 116,780
• Acres: 7.7

Chase Dominguez of NorthMarq's Atlanta Commercial Investment Sales team represented The Men’s Wearhouse in the transaction. The buyer, a California-based private investor, saw significant local investor interest due to the property's I-T zoning, allowing for flexibility in repositioning the asset to meet evolving market demands. The office property is strategically located near Newpark Mall and Interstate 880, offering prime access to San Jose, Oakland, and San Francisco.