CBRE Facilitates Sale of Warehouse/Cold Storage Facility to Sutter Health Entity
CBRE recently arranged the sale of a 49,805-square-foot warehouse and cold storage facility in Hercules, California. The property was sold by Multiple Organics and purchased by an entity affiliated with Sutter Health. Kevin Hatcher and Austin Hinder from CBRE represented the seller in this transaction.
The property, located at 200 Linus Pauling Dr., boasts several desirable features including 7,700 square feet of office space, six dock doors, four grade level doors, a clear height of 22 feet ,2 ,000 amps of power,and an additional8 ,000 square feet designated for cooler use. As a leading integrated healthcare system that prioritizes providing affordable high-quality care,SutterHealth’s acquisitionofthiswell-locatedand highly functional industrial asset is significant.
According to Hatcher,”Industrial assets remain highly sought-after despite rising interest rates and capital constraints.” He further adds that “the East Bay rarely sees properties like200LinusPaulingDr.availableforpurchase,and its proximitytootherlifescience,researchanddevelopmentcompanieslikeBio-RadLaboratoriesonlystrengthens theregion’stalent ecosystem.”
This latest development marks another successful deal facilitated by CBRE as they continue to be leaders in the commercial real estate market.
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