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Bay Area Industrial Buildings Fetch $43M

SAN FRANCISCO-Several San Francisco Bay Area industrial buildings have been sold in deals that have a combined value of $18.3 million, and another $25 million transaction is pending.

By Michelle Savage | Updated on November 27, 2002

SAN FRANCISCO-In the San Francisco Bay Area, three industrial buildings have recently changed hands, including properties in San Francisco, South San Francisco and Berkeley.

PSP Construction Company has purchased a two-story, 16,000-sf commercial building at 1469 Pacific Avenue for approximately $1.5 million from LeeMah Properties Inc. The property features high ceilings, a mezzanine level and a basement. Anton Qiu, director of TRI Commercial represented both the seller and buyer in the deal.

Raymond YM Chan has sold a 31,500-sf industrial building, located at 480 Grandview Dr. in South San Francisco, to a private partnership, Coscinelle LLC, for approximately $4.8 million. The property includes a 7,605-sf office space, three loading dock doors, and one grade-level door. Mike Davis and Andrew Peceimer of Coldwell Banker Commercial represented both the buyer and seller in the deal.

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