{"id":1004498125,"date":"2020-12-09T11:04:25","date_gmt":"2020-12-09T19:04:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004498125"},"modified":"2020-12-09T11:04:25","modified_gmt":"2020-12-09T19:04:25","slug":"berkeley-partners-pays-21m-for-bay-area-warehouses","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkeley-partners-pays-21m-for-bay-area-warehouses\/","title":{"rendered":"Berkeley Partners Pays $21M for Bay Area Warehouses"},"content":{"rendered":"<div id=\"attachment_1004498128\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004498128\" data-attachment-id=\"1004498128\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/berkeley-partners-pays-21m-for-bay-area-warehouses\/3340-3450-arden-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg\" data-orig-size=\"800,620\" 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=\"3340-3450 Arden Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3340-3450 Arden Road. &lt;i&gt;Image courtesy of Colliers International&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg?w=800\" class=\"wp-image-1004498128 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004498128\" class=\"wp-caption-text\">3340-3450 Arden Road. <i>Image courtesy of Colliers International<\/i><\/p><\/div>\n<p>The Roxborough Group announced it has sold a three-property industrial complex in Hayward, Calif. for $20.8 million to Berkeley Partners.<\/p>\n<p>The facilities&nbsp;encompass a total of 102,122 square feet and previously changed hands in 2017, when Hermco Inc. sold them for $11.8 million, according to Alameda County records. Wells Fargo originated a $7.1 million acquisition loan for The Roxborough Group at the time.<\/p>\n<p>Located on 6 acres at 3340-3450 Arden Road, the single-story warehouses were built between 1979 and 1985. At the time of the deal, the buildings had an occupancy rate of 87 percent. The tenant roster includes Applied Photon Technology and Mission Tool &amp; Manufacturing Co.&nbsp;The property is within 2 miles of Interstate 880 and State Route 92, which connects Hayward to San Mateo. San Francisco International Airport is 19 miles west of the site.<\/p>\n<p>The Colliers International brokerage team that negotiated on behalf of both parties included Executive Vice President Greig Lagomarsino and Senior Vice President Nick Ousman.<\/p>\n<p>In September, Berkeley Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/berkeley-partners-lands-32m-for-denver-warehouse\/\">received a $31.9 million loan<\/a> for a fully leased, 411,485-square-foot warehouse in Louisville, Colo. Nuveen Real Estate provided the non-recourse, fixed-rate loan which matures in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The three facilities total 102,122 square feet and last traded for $11.8 million in 2017.<\/p>\n","protected":false},"author":867,"featured_media":1004498128,"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":[34645,32763,34118],"class_list":["post-1004498125","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-berkeley-partners","tag-colliers-international","tag-the-roxborough-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Berkeley Partners Pays $21M for Bay Area Warehouses - 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\/berkeley-partners-pays-21m-for-bay-area-warehouses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkeley Partners Pays $21M for Bay Area Warehouses\" \/>\n<meta property=\"og:description\" content=\"The three facilities total 102,122 square feet and last traded for $11.8 million in 2017.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkeley-partners-pays-21m-for-bay-area-warehouses\/\" \/>\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=\"2020-12-09T19:04:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/3340-3450-Arden-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Berkeley Partners Pays $21M for Bay Area Warehouses\",\"datePublished\":\"2020-12-09T19:04:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/12\\\/3340-3450-Arden-Road.jpg\",\"keywords\":[\"Berkeley Partners\",\"Colliers International\",\"The Roxborough Group\"],\"articleSection\":[\"Deals\",\"Industrial\",\"Investment\",\"News\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkeley-partners-pays-21m-for-bay-area-warehouses\\\/\",\"name\":\"Berkeley Partners Pays $21M for Bay Area Warehouses - 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