Search
 

50,000-SF Warehouse Sells for $2.7M

OAKLAND, CA-According to Michael Barry of Colliers, activity for purchasing warehouses for various reasons is picking up. Zim Diversifies recently bought a warehouse/distribution building in Oakland for $2.7 million.

By Michelle Savage | Updated on April 25, 2002

OAKLAND, CA-Zim Diversified, Inc. has purchased a warehouse/distribution building in Oakland from Seecon XIV Partners for $2.7 million. The 50,000-sf building is located at 6401 San Leandro St. and developed into mini-storage units.

“The activity for purchasing warehouses is beginning to pick up in Oakland,” says Michael Barry of Colliers International, who handled both sides of the transaction. “In addition, it’s a great example of rehabilitating an older, metal industrial warehouse into a higher and better use. It is something both residents and businesses alike will be able to use in the Coliseum area.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.