Faropoint Acquires Industrial Property In Oakland For $9.6M

The industrial property located at 153 Bauer Drive in Oakland has been sold for a transaction amount of $9,600,000. The property spans an area of 44,300 square feet, resulting in a price per square foot of $217. The sale took place on 07/13/2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $9,600,000
• Address: 153 Bauer Drive, Oakland
• Market: Oakland

The buyer in this transaction is Faropoint, represented by Orry Michael. The seller is Oakland Management. The deal was facilitated by the following brokers from CBRE: Elli Klapper, Jeremy Wernick, Mark Silverman, Charles Berger, Mark Trevisan, Kevin Dudley, Nick Klacik, and Chad Hillyer.