A 93,000-square-foot industrial warehouse along the Interstate 287 corridor in Oakland with 20 tailgates, 100 car parking spaces and 16 trailer spaces was sold recently for $14.65 million, according to a Monday announcement from JLL Capital Markets, which helped arrange the sale.
The property is located at 12 Thornton Road in Oakland.
The JLL Capital Markets team was led by Managing Directors Jordan Avanzato and Marc Duval, Directors Nicholas Stefans and Jason Lundy, Senior Managing Director Jose Cruz and associate Conor Walsh.
“Competition in the current industrial capital markets environment has been heating up and the buyer has done a tremendous job differentiating themselves by getting out in front of it,” Avanzato said.
“The flow of capital is starting to outweigh the cost of capital, and we expect those leading the rebound to benefit greatly,” Duval added.
