Property Overview

• Submarket: Stockton Industrial
• Square Footage: 100,000 sq. ft.

Property Description

Warehouse Space for Lease This industrial facility offers 100,000 sq. ft. of space, designed for efficient logistics and distribution. With 26-foot clear height, 4 dock-high doors, and 2 drive-in bays, it is well-suited for seamless operations. The property includes 20 standard parking spaces, secured yard, and ESFR sprinkler system for safety.

Key Features

• Total Space Available: 100,000 sq. ft.
• Clear Height: 26 feet
• Dock-High Doors: 4 (with pit levelers)
• Drive-In Bays: 2
• Lighting: LED skylights
• Parking: 20 standard spaces
• Fire Protection: ESFR sprinkler system
• Utilities: 600 AMPS, 277/480 Volt, 3 Phase power supply
• Security Features: Secured yard
• Type: Industrial – Warehouse
• Land Area: 3.5 acres
• Office Space: 800 sq. ft.
• Zoning: I-W (Industrial)
• Year Built: 1975
• Construction Type: Reinforced Concrete
• Truck Trailer Parking: Available
• Rail Access: Yes (2 rail sidings)
• Connectivity: Fiber optic internet available

Building Description

This single-tenant industrial facility is strategically located with excellent access to Highway 99, Highway 4, and Interstate 5. The Port of Stockton is just 12 minutes away, making it an ideal choice for logistics and distribution companies.

Strategic Location Advantages

• Port of Stockton: 12 minutes (7.8 miles)
• Sacramento Airport: 1 hour 10 minutes (58 miles)
• Port of Oakland: 1 hour 24 minutes (75.3 miles)
• Oakland Airport: 1 hour 13 minutes (69.8 miles)

Nearby Companies

• Various logistics and industrial businesses in the Stockton area

Corporate Lease Criteria

• Proximity to key transportation networks
• Essential infrastructure (e.g., clear height, loading docks)
• Zoning compliance

For more details, you can check the listing . Let me know if you need further analysis or comparisons!

A Testament to Investor Demand

Richmond, California, continues to attract industrial real estate investors, with a recent high-profile transaction demonstrating the ongoing allure of logistics properties in the region. A sprawling industrial hub at Pinole Point Business Park has been purchased for $132.5 million by WPT Capital Advisors, signaling strong interest even amid challenges in the commercial real estate market.

Located at the intersection of Giant Highway and Atlas Road, this acquisition encompasses three substantial logistics buildings totaling over 724,100 square feet. The complex’s strategic location and tenancy—including an Amazon delivery partner—highlight the site’s value and potential for thriving in the competitive East Bay industrial market.

Breaking Down the Purchase

The three buildings, each uniquely contributing to the site’s prominence, were acquired at notable prices:

• 6015 Giant Highway, 224,200 square feet: Purchased for $67.5 million, with G Logistics, an Amazon delivery partner, as the tenant.
• 6015 Giant Highway, 476,500 square feet: Acquired for $54 million, though no active business was identified at this site.
• 6025 Giant Highway, 41,400 square feet: Sold for $11 million, with no tenants currently operating here.

Notably, nearby properties host major players like Amazon and Whole Foods, bolstering the area’s reputation as an industrial and logistics hotspot.

Market Trends and Investor Insights

Despite the enthusiasm for such properties, the transaction reflects shifting dynamics in industrial and logistics real estate. The deal equates to a price of $183 per square foot—significantly lower than the $272 per square foot realized in a comparable transaction in July for nearby Atlas Road buildings. This decline suggests potential softening in valuations while maintaining steady investor interest.

The East Bay remains a key destination for logistics and manufacturing tenants, serving as a backbone for distribution networks in the region. As economic conditions evolve, industrial property values and tenant profiles will shape future activity in Richmond and beyond.

Conclusion

This landmark transaction underscores the resilience of East Bay’s industrial sector in attracting investments. For those navigating the region’s dynamic real estate landscape, EastbayWarehouseSpace.com is your go-to resource for insights, listings, and opportunities in the area.

In the heart of Oakland, Prologis is redefining industrial real estate with a bold new proposal: a 430,000-square-foot warehouse set to become the city’s largest industrial project currently in planning. This San Francisco-based developer, renowned for its significant presence in Oakland, continues to address the high demand for industrial space even as new developments flood the market.

The proposed project, slated for the 29-acre site at 3600 Alameda Avenue, represents Prologis’ commitment to Oakland’s business ecosystem. This property, previously housing the Owens-Brockway glass recycling facility, is poised for transformation as the outdated structures make way for state-of-the-art facilities.

Navigating a Shifting Market Landscape The Oakland industrial market is evolving, with 2.4 million square feet of new supply entering in 2023 and projections for another 1.3 million square feet in 2024. This influx has nudged the vacancy rate from 4.2% to 6.4%, yet tenant demand has been resilient. Asking rents have remained stable, even climbing 2% higher, reflecting Oakland’s premium value—40% above the national average.

Prologis has not only kept pace with this dynamic market but also thrived, securing substantial leases in the East Bay. Recent deals include a 200,584-square-foot lease with Torani in San Leandro and a 128,168-square-foot lease with Lansum International in Oakland.

More Than Just Warehouses Prologis’ ambitions extend beyond traditional industrial projects. In Alameda, the company is nearing the acquisition of the former Raiders training facility in partnership with Oakland Pro Soccer. While the site will initially serve as a home for the Oakland Roots and Oakland Soul soccer clubs, its zoning for commercial manufacturing opens up long-term possibilities for redevelopment.

“Our local expertise enables us to make strategic decisions that benefit both our clients and the community,” Prologis emphasized in a statement.

As this project heads to a planning commission vote, Prologis’ vision reflects the broader trends shaping Oakland’s industrial market. With logistics and fulfillment companies driving demand, the East Bay remains a competitive hub for industrial real estate—a trend that EastbayWarehouseSpace.com will continue to follow closely.

Despite the East Bay’s industrial market continuing to boom, one group of prospective tenants is taking a step back. According to data from real estate services firm CBRE, tenant requirements in the Oakland industrial market sank 36% from the third to final quarter of 2022. The quantity of space being sought by prospective tenants dropped from 9.4 million square feet across 67 companies to just over 6 million across 45 companies.

Bob Ferraro, an Oakland-based executive vice president for CBRE and veteran of the East Bay’s industrial market, said that decline can be attributed, at least in part, to new caution exercised by advanced manufacturing tenants. Manufacturing tenants are often backed by private equity or venture capital – two funding sources made wary by the last few quarters’ worth of economic volatility. Now manufacturers must be more conservative with their capital and some are choosing simply to remain in their existing facilities rather than sign new leases.

“The clients I’m dealing with in the manufacturing sector are constantly battling budgeting. They’re looking at space, then they’re not, they’re looking at space, then they’re not,” he told me. “These companies have money, but they’re not sure if they’ll get more, and they’re budgeting. So they’re constantly playing with what they should plan to spend now.”

The fourth quarter of 2022 saw nearly 400,000 square feet of net new space leased by tenants; logistics providers made up 42% of new leases signed while manufacturers made up another 24%. Vacancy and total availability rates declined to 2.6% and 3.7%, respectively.

Although the requirements pullback has not yet impacted the Oakland industrial market, it could eventually translate into a corresponding pullback on new construction starts for speculative product that would have otherwise delivered in 2024 or 2025. Ferraro said that would be a notable change for the East Bay which experienced unprecedented demand for industrial space beginning in 2020 and has seen large quantities of newly delivered industrial product lease quickly.

The changed dynamic may already be percolating into the industrial market; San Francisco-based Prologis (NYSE: PLD), the largest domestic industrial real estate investment trust said in the fall of this year that despite a strong third quarter it planned to slow development starts through the remainder of 2022 based on the assumption that an economic slowdown was imminent.

At the national level, my colleague Ashley Fahey at The Business Journals reports that the fourth quarter represented the second consecutive quarter that industrial supply outpaced demand for space. Manufacturing tenants appear to be exercising caution nationwide: they gave back the most space of any other kind of industrial user over the past 12 months accounting for 27.4% of newly listed sublease space according to data from real estate services Colliers.

The East Bay’s industrial development pipeline has hit an all-time low, fueling a dynamic, constrained market that experts say is unlikely to be resolved any time soon.

East Bay has 1.55 million square feet of retail and warehouse space under construction. Number represents an all-time low for the area. Developers, he said, began constructing industrial projects on a speculative basis around 2014, and since then most of the vacant land eligible for new industrial development has been purchased and developed.

The slowdown in new development comes as demand for warehousing and distribution space increases. The pandemic has not only spawned e-commerce giants like Amazon, which have transformed the way e-commerce companies think about mitigating risks related to their supply chain and logistics.

“Most didn’t have enough inventory for emergencies. We ran out of toilet paper during the pandemic, well, people aren’t going to make that mistake again.” Facilities that are available in the United States for those very reasons should there be some kind of crisis…They are building an extension and additional inventory at this facility. The need for storage space is correspondingly large. Most renters in the market are looking for between 100,000 and 250,000 square feet. The region currently has approximately 21.5 million square feet of active tenant needs.

Even if every vacant industrial building in the East Bay were rented, the East Bay would still need about 13.5 million square feet more to meet those needs. built in the region: Just 4.8 million square feet of warehousing and distribution space to be delivered to the East Bay by 2024. So real estate experts believe the imbalance is long-term.

Demanded monthly rents along the I880 corridor increased 14 cents to $1.18 per square foot from the fourth quarter of 2022 to the first quarter of this year. That’s partly because landlords are charging rents starting at $1.50 per square foot per month for newly built industrial facilities. currently in hand or on the way, tenants are willing to pay the higher price, the report said.