Gateway 84 (Newark, CA) — Sale in Newark, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Newark, CA
  • Size: 409,782 SF

Photos

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Gateway 84 (the “Property” or “Campus”), a Class A+ advanced manufacturing campus totaling ±409,782 square feet on ±23.04 acres in Newark, CA. The Campus is currently 83.8% leased to two high-quality tenants, including Meta (S&P AA-), which represents 55% of the total RSF offering exceptional investment grade anchor tenancy. There is 5.8 years of WALT across the Campus and in-place rents are approximately 36% below market, providing an ideal combination of near-term lease-up of existing vacancy with a clear mark-to-market opportunity as existing leases roll. Gateway 84 offers best-in-class features including ESFR sprinklers, ample parking, 44 dock-high doors, 5 grade-level doors, and 10,000 amps of combined power, with ownership having initiated an upgrade at 7200 Gateway that will increase total capacity to 12,000 amps. In addition, while the buildings are not individually parceled, there is opportunity for a new owner to pursue this path as a strategy to provide future exit flexibility. Offering the rare combination of a central Silicon Valley location, Class A+ asset quality, near-term leasing / MTM income growth and heavy power, Gateway 84 is an exceptional investment opportunity.

Market Context

This industrial in Newark, CA is listed for sale across 409,782 SF. Compare it against other industrial listings for sale in Newark, CA — view the full market.

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