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EverWest Acquires 3781 Depot Road, Hayward, CA
October 24, 2016
EverWest Real Estate Partners is pleased to announce the acquisition of 3781 Depot Road, a 2.79 acre industrial site in Hayword, CA. With nearby access to State Route 92 and I-880, the site provides immediate access to the East Bay, San Francisco Peninsula and Silicon Valley.
Once developed, the 50,230 square foot building will feature all the typical state-of-the-art features of new concrete tilt-up construction including 26' clear height; ESFR; 50' by 50' bay spacing; 6 dock-high loading doors; and 1,200 amps of service. It is anticipated that the building will be delivered in the second quarter of 2017.
Ryan Madson, Managing Director, comments, "We are excited about this investment opportunity due to the site's strong location in Hayward and the strong leasing fundamentals we are seeing in the market. It is difficult to find development opportunities in this in-fill market so we feel fortunate to have uncovered this opportunity. It was a pleasure to work with Craig Hagglund and Ryan Martens with Lee and Associates on this acquisition. We look forward to being able to break ground soon on this development."
EverWest acquired the 3781 Depot Road site on behalf of a separate account with an institutional investor.