CBRE Arranges Sale of Warehouse and Cold Storage Facility in the East Bay

CBRE arranged the sale of a 49,805 sq. ft. warehouse and cold storage facility from Multiple Organics to a Sutter Health entity. Kevin Hatcher and Austin Hinder of CBRE represented the seller.

“Industrial assets have been the most sought-after product type even amid rising interest rates and capital constraints. Well-located, highly functional industrial assets like 200 Linus Pauling Drive rarely become available in the East Bay and the property’s proximity to life science, research and development companies like Bio-Rad Laboratories strengthens the region’s talent ecosystem,” said Kevin Hatcher, Senior Vice President at CBRE.

Located at 200 Linus Pauling Drive in Hercules, Calif., the property features 7,700 square feet of office space, six dock doors, four grade level doors, 22’ clear height, 2,000 amps of power, and 8,000 square feet of cooler.

Warehouse/distribution space represented 90% of the total leasing volume in Q4 2023, according to CBRE Research. The Oakland industrial market remains tight with a vacancy of 3.8% at the end of last year. The last time vacancy in the Oakland industrial market was above 5% was in 2013. The Oakland industrial market will be getting much needed supply, with 1.2 million sq. ft. of new supply expected to deliver in 2024.

Sutter Health is an integrated, not-for-profit system of employees, associated physicians and volunteers that support more than three million patients in California. Headquartered in Northern California, Sutter Health provides access to high quality, affordable care through its 23 hospitals, five medical foundations, 221 multispecialty ambulatory sites, ambulatory surgery centers, urgent and walk-in care centers, telehealth, home health and hospice services.