54,000-SQUARE-FOOT INDUSTRIAL PROPERTY FETCHES $8.6 MILLION

MENLO PARK, CALIF. — Jim Chesler of NAI BT Commercial San Francisco represented Campbell Menlo LLC in the acquisition of a 54,000-square-foot industrial/R&D property, which is located at 4085 Campbell Ave. in Menlo Park. At the time of acquisition, the property was 40 percent leased by Fitness 101. The seller, Joe Chritchfield, Clarence Ferrari Jr., et. al., sold the property for $8.6 million or $159 per square foot.