98,000 SF Ground-Up Industrial Development
- Acquired 4.39 acre land site in May 2023 with New York Life Investments.
- The asset was purchased after several failed marketing attempts from owner/occupant Fremont Bank who will lease the two existing office buildings short term while entitlements are received. Project will be a speculative development with construction estimated to commence in Q1 2024 with delivery later that year.
- The Property is located in highly supply constrained infill Hayward submarket and benefits from being less than 1/2 mile from first exit off Hwy 92 and I-880 interchanges and surrounded by new development by several institutional owners along the street. Additionally, the site benefits from high identity corner entrance into Diablo Industrial park at corner of Diablo Ave and Clawiter Roads.