Torrance, CA – August 28, 2012 – (RealEstateRama) — In a transaction involving a UPS Ground Freight facility, Lee & Associates, one of the largest broker-owned commercial real estate brokerage firms in the country, has closed a sale for an industrial property in San Leandro, Calif. The terms of the transaction have not been disclosed.
“The strong tenant, desired sub market and product type made this an ideal fit for the buyer,” said Craig Hagglund of Lee & Associates Oakland who represented the private institutional buyer. “It’s very difficult to find assets of this class and strength in the market today.”
Located at 3050 Teagarden Street San Leandro, Calif. and situated on 11.65 acres, this 140 Door Cross Dock facility and institutional grade asset is 100 percent leased by UPS Ground Freight on a long-term basis. In addition, the property has +-8,000 square feet of office space, a +-10,000-square-foot maintenance shop and is located just off the Marina Blvd exit off Hwy 880.
The sale comes on the heels of similar Lee & Associates Oakland transactions, including the 60,000-square-foot warehouse sale at 2975 Volpey Way in Union City Calif., a 130,000-square-foot industrial lease at 860 81st Ave in Oakland, Calif., a 108,000-square-foot grocer warehouse building sale at 31056 Genstar Road in Hayward Calif., and a +-135,000-square-foot warehouse lease at 30108 Eigenbrodt Way in Union City, Calif.
About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 45 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.
