CBRE arranged the sale of a 49,805-square-foot warehouse and cold storage facility from Multiple Organics to a Sutter Health entity. Kevin Hatcher and Austin Hinder of CBRE represented the seller. Terms of the sale were not disclosed.
Located at 200 Linus Pauling Dr. in Hercules, the property features 7,700 square feet of office space, six dock doors, four grade level doors, 22’ clear height, 2,000 amps of power, and 8,000 square feet of cooler. The buyer, Sutter Health, is an integrated, not-for-profit system that provides access to high quality, affordable care.
“Industrial assets have been the most sought-after product type even amid rising interest rates and capital constraints,” said Hatcher. “Well-located, highly functional industrial assets like 200 Linus Pauling Dr. rarely become available in the East Bay and the property’s proximity to life science, research and development companies like Bio-Rad Laboratories strengthens the region’s talent ecosystem.”
