CBRE Secured $26 Million in Acquisition Financing for Two Advanced Manufacturing Buildings in Fremont

CBRE arranged $26 million in acquisition financing for 5020 and 5070 Brandin Court in Fremont, two fully-leased industrial and advanced manufacturing buildings.

CBRE’s Mike Walker and Brad Zampa secured the floating rate, non-recourse loan from an East Coast-based institutional real estate lender on behalf of Berkeley Partners. Vincent Machado, Vincent Scott and Anthony Podesta represented Berkeley Partners in the off-market acquisition of the property.

“This financing reflects the strength of Fremont’s industrial fundamentals and the property’s exceptional location. With in-place rents well below market, the asset presented a compelling value-add lending opportunity in a high-demand submarket,” said Walker, executive vice president at CBRE.

Built in 1983, the two properties have been recently renovated with new roofs and HVAC.

• 5020 Brandin Court is a 76,599 square foot building featuring warehouse and office/lab space. It also has two dock-high and two grade-level doors, 20-22 ft. clear heights, and 3,000 amps of power.

• 5070 Brandin Court is a 56,257 square foot building with two dock-high and two grade-level doors, 20-22 ft. clear heights and 4,000 amps of power.

“This acquisition continues Berkeley Partners growth in the Bay Area and compliments their Fremont Industrial portfolio,” said Machado, executive vice president at CBRE.

Average asking rents in Fremont have nearly doubled since 2020, according to CBRE Research. Select properties with high power and located near major highways command the highest rents amid power constraints in the area. Over 40% of industrial tenant demand is in Fremont for its modern industrial infrastructure, high power availability, strong market fundamentals and proximity to the Greater Bay Area.