JLL Capital Markets secured the sale of two fully leased, IOS/ISF assets in Silicon Valley, CA
News release
07 January 2025
$25.9M sale arranged for Fremont Industrial Outdoor Storage Portfolio
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SAN FRANCISCO, Jan. 7, 2024 – JLL Capital Markets announced today the $25.875 million sale of the Fremont Industrial Outdoor Storage (IOS) Portfolio, comprising two fully leased properties totaling 267,191 land square feet in the prime Fremont submarket of Silicon Valley, California.
JLL marketed the properties on behalf of the seller, Lift Partners. Realterm acquired the assets.
The portfolio consists of 5120-5170 Brandin Court, a 2.40-acre site, and 44533 S. Grimmer Boulevard, a 3.73-acre site.
5120-5170 Brandin Court is fully leased to Herc Rentals, a leading equipment rental company. This property includes a 15,811-square-foot warehouse with 22-foot clear heights and four grade-level doors. 44533 S. Grimmer Boulevard is fully occupied by Hallcon Corporation, a transportation services provider. This facility features a 39,571-square-foot warehouse with 22-foot clear heights and five grade-level doors.
Both sites feature strategic infill locations along Interstate 880, providing superior connectivity to the Western U.S. and global economy. The properties are situated approximately 29-40 miles from Oakland and San Francisco, offering exceptional local and regional access to the greater Bay Area, with a population of over 8.3 million within a 50-mile radius.
The JLL Capital Markets team was led by Managing Director Ryan Sitov and Director Melinda Marino.
"This portfolio sale highlights the growing investor demand for industrial outdoor storage assets in core infill locations," said Sitov. "The Fremont IOS Portfolio offers stable cash flow from credit tenants, coupled with long-term value appreciation potential in one of the nation's most supply-constrained industrial markets. The properties' recent renovations, strategic locations and strong tenancy make them particularly attractive assets and highly sought-after."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Lift Partners
Founded in 2015, Lift Partners (“Lift”) is a full-service real estate investment company focused on the repositioning and redevelopment of industrial properties along the West Coast. Since inception Lift has purchased 60 assets totalling approximately $1.1 billion. www.liftrp.com
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. They acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over 12 billion USD in assets on behalf of global institutional investors.