Dermody Properties has acquired 14490 Catalina Street, a 90,725-square-foot manufacturing facility situated on 4.49 acres of land. Formerly a bakery manufacturing facility, the current tenant of the property will vacate upon its lease expiration in July 2021, at which point Dermody Properties will complete substantial interior and exterior improvements.
“This is a rare opportunity for Dermody Properties to acquire an in-fill, value-add industrial building in a market with limited opportunities to increase the supply of space,” said George Condon, West Region Partner for Dermody Properties. “Besides its central location, one of the building’s greatest strengths is its cold storage space. It’s expensive to build and in short supply. Companies supplying food to Bay Area consumers need more cold storage space.”
The property is located in the Bay Area’s core industrial East Bay market with immediate access to Interstate 880, and it is less than a one-hour dri
