May 21, 2020
San Diego-based Westcore acquired a 155,000-square-foot, Class A industrial warehouse located at 8380 Pardee Dr. in Oakland for $40.5 million. Constructed in 2012, the fully-leased distribution facility features 8,000 square feet of cold storage, 30-foot clear heights, ESFR fire suppression and an excellent location adjacent to the Oakland airport.
Westcore’s Peter Mette says, “In addition to its excellent location, the facility offers tenants all of the features of a modern, Class A building. We are excited to welcome a quality company like Anheuser -Busch to our portfolio. The industrial property market remains strong, and we are bullish on the long-term fundamentals of the Oakland market and the investment in 8380 Pardee Drive.”
Cushman & Wakefield’s Tom Damaschino represented the buyer, while the undisclosed seller was advised by The Sutherland Company’s Richard Sutherland.
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Tags: Acquisition, Industrial
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