REBusinessOnline

Dermody Properties Buys 70,209 SF Logistics Facility in East Bay Area

45535-Northport-Loop-E-Fremont-CA

Located at 45535 Northport Loop East in Fremont, Calif., the 70,209-square-foot logistics facility features 20-foot clear heights, four dock-high doors and four drive-in doors.

FREMONT, CALIF. — Dermody Properties has acquired a logistics property located at 45535 Northport Loop East in Fremont. Terms of the transaction were not released.

Originally constructed in 1998 on 4.7 acres, the 70,209-square-foot property features 20-foot clear heights, four dock-high doors and four drive-in doors. At the time of purchase, 49,615 square feet was available in the facility.

Dermody plans to invest in significant exterior and interior capital improvements, including a new roof, to the building.

Michael Karp and Victor DeBeor of Cushman & Wakefield represented Dermody Properties in the transaction and will be leasing agents for the property.

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