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Industrial Properties Change Hands in Bay Area

SAN LEANDRO, CA-Two San Francisco Bay Area industrial buildings have been acquired in San Leandro and Oakland, by Sawhney Trust and Pan American Enterprises, respectively.

By Michelle Savage | Updated on February 07, 2003

SAN LEANDRO, CA-Sawhney Trust has purchased a multi-tenant industrial building in San Leandro from Rylock Window as an investment property for approximately $1.87 million.

The property is a 44,000-sf building, located at 2403 Washinton Ave. in San Leandro. According to Dan Bergen, a broker of Colliers International, “demand remains strong for multi-tenant industrial in San Leandro. Cap rates are dropping quickly on multi-tenant projects because of low interest rates, low long-term bond rates, and because companies are interested Bay Area trophy locations,” he says.

Bergen and Jim Bohar, also with Colliers, represented the seller, RylockWindow. Bohar represented the buyer, Sawhney Trust.

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