Northmarq brokers $23.4 million sale of 116,780-sq.-ft. office/industrial property in Fremont, CA

ATLANTA (May 2, 2024) — Chase Dominguez of Northmarq’s Atlanta Commercial Investment Sales team has completed the $23.4 million sale of a three-building office property in Stevenson Business Park in Fremont, Calif. Built in 1999 and renovated in 2012, the property totals 116,780 sq. ft. and is situated on 7.7 acres of Industrial-Tech (I-T) zoned land.

Northmarq represented the seller, The Men’s Wearhouse. The buyer was a private investor based in California.

“Although the property has been utilized as office for the last decade, it is situated on I-T zoned land, which generated substantial interest among local investors, and ultimately allowed Northmarq to maximize proceeds for The Men’s Wearhouse,” said Dominguez. “This versatility creates an opportunity for the buyer to reposition the asset and capture evolving demands of the market.”

The three-building campus located at 6100 Stevensen Boulevard was formerly a regional office for The Men’s Wearhouse and is adjoined by a common area courtyard and greenspace. Situated in one of the most desirable office and industrial corridors of East Bay, the 116,780-sq.-ft. property is less than a mile south of Newpark Mall and 0.2 miles from Interstate 880. The property boasts a strategic location between three major economic hubs in San Jose, Oakland and San Francisco, making it an ideal logistics point for new users.