{"id":1004493841,"date":"2020-11-18T08:27:40","date_gmt":"2020-11-18T16:27:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004493841"},"modified":"2020-11-18T08:27:40","modified_gmt":"2020-11-18T16:27:40","slug":"exeter-property-group-purchases-bay-area-facility-for-50m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/","title":{"rendered":"Exeter Property Group Purchases Bay Area Facility for $50M"},"content":{"rendered":"<div>\n<div id=\"attachment_1004493871\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004493871\" data-attachment-id=\"1004493871\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/700-702-national-court\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"700-702 National Court\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;700-702 National Court&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg?w=640\" class=\"wp-image-1004493871 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004493871\" class=\"wp-caption-text\">700-702 National Court<\/p><\/div>\n<\/div>\n<div>Exeter Property Group has acquired&nbsp;an industrial facility, totaling 267,500 square feet, in&nbsp;Richmond, Calif. JLL represented the seller, Bay Area Beverage Co., in the&nbsp;$50.1 million sale-leaseback transaction. The property is triple-net leased to the beverage company. According to Yardi Matrix, the tenant acquired the asset in 2004, for $8.8 million.<b><\/b><\/div>\n<div>&nbsp;<\/div>\n<div>Built in 1965, the facility consists of a 250,500-square-foot warehouse and a 17,000-square-foot office building. The industrial part features a 22-foot clear height and 15 dock-high, two grade-level and four rail doors.<\/div>\n<div>&nbsp;<\/div>\n<p>Located at&nbsp;700-702 National Court, on 12 acres, the property is just off Interstate 580. The facility is within 13 miles of the Port of Oakland and 21 miles of&nbsp;Oakland International Airport. Downtown San Francisco within 17 miles of the asset.<\/p>\n<p>The JLL team representing the seller included Senior Director Ryan Sitov, Managing Director Tony Beatty, Senior Managing Director Mark Detmer and Analyst Andie Fezell. In January, Detmer represented the seller of Lear Industrial Center, <a href=\"https:\/\/www.commercialsearch.com\/news\/panattoni-sells-reno-industrial-park-for-117m\/\">a four-building business park<\/a> encompassing 1.4 million square feet in Reno. Nev. Clarion Partners paid $117.3 million for the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seller, Bay Area Beverage Co., acquired the asset in 2004, for $8.8 million.<\/p>\n","protected":false},"author":868,"featured_media":1004493871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1609,15],"tags":[35364,32796],"class_list":["post-1004493841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-san-francisco","category-west","tag-exeter-property-group","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exeter Property Group Purchases Bay Area Facility for $50M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exeter Property Group Purchases Bay Area Facility for $50M\" \/>\n<meta property=\"og:description\" content=\"The seller, Bay Area Beverage Co., acquired the asset in 2004, for $8.8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T16:27:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/700-702-National-Court-e1605694646733.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-purchases-bay-area-facility-for-50m\/\",\"name\":\"Exeter Property Group Purchases Bay Area Facility for $50M - 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