Realterm, an independent global investment manager focused on the transportation industry, today announced the acquisition of two industrial outdoor storage (IOS) maintenance facilities in Fremont, CA located at 5120-5170 Brandin Court and 44533 South Grimmer Boulevard.
5120-5170 Brandin features a 11,750-square-foot maintenance shop with a 22-foot clear height, four drive-in doors, and a 4,061-square-foot office, as well as one ingress/egress point on 2.4 acres. The facility is occupied by Herc Rentals, a full-service equipment rental company that offers tools, services and solutions to its clients.
“Realterm has strategically entered the Silicon Valley industrial market with the acquisition of 5120-5170 Brandin and 44533 South Grimmer,” said Stephen Panos, Managing Director and Senior Fund Manager, Realterm. “These two properties strengthen our West Coast market position, adding premium assets with top-tier tenants in a new dynamic industrial market.”
Recognized as the technology capital of the world, the properties are located in the heart of Silicon Valley in proximity to San Francisco, San Jose, and Oakland. Both sites sit minutes away from many major roadways, airports, and ports including I-880, I-680, I-580, San Jose Airport, San Francisco International Airport, Oakland Airport, and the Port of Oakland.
“The Bay Area has experienced consistent growth in its industrial market, evidenced by increasing rental rates, strong demand, and low vacancy,” said Isaac Lau, Vice President, Realterm. “Realterm remains committed to acquiring properties transportation advantaged IOS assets in top markets across the country.”
Ryan Sitov and Melinda Marino of JLL facilitated the transaction and represented the seller.
