NAI BT Commercial recently brokered the sale of two industrial buildings and one apartment complex in the San Francisco Bay Area for approximately $13.7 million.

In the first deal, Discovery Foods sold its headquarters in Hayward to a private investor for approximately $7.9 million, and then leased back the space on a 20-year term.

The site includes two concrete tilt-up warehouse-office buildings with 50 percent refrigeration, containing a total of 69,000 square feet on 5.3 acres. The properties are located at 2395 American Ave. and 2188 Alpine Way.

Discovery Foods is a provider of “premium frozen Asian-inspired appetizers, including pot stickers, egg rolls, spring rolls, and won ton,” according to a press statement.

In the second transaction, the 36-unit Santa Clara Lincoln Apartments complex sold for nearly $5.8 million, although neither the buyer’s nor the seller’s identity was disclosed.

Built in 1986, the property sits on a one-acre parcel at 1601 Santa Clara St. and 750 Lincoln St. There are two buildings at the complex: a 30-unit, two-story building, and a six-unit, two-story building comprising studios and one-, two- and three-bedroom units. The property has an elevator, intercom system, security parking, laundry rooms and solar panels.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top