Property Type Industrial
Date April 19, 2022
The 140,000-square-foot, three-building, light industrial/R&D flex-tech campus is located on the I-880 industrial corridor in Fremont, CA. Originally developed in 1998, the modernized and well-maintained campus features high image design and landscaping with ready access to the greater Silicon Valley region.
Multi-Tenant Light Industrial/R&D Campus Strategically Positioned to Serve the Bay Area’s Life Science and Technology Industries; Generationally Low Fixed-Rate, Legacy-Hold Financing Options for Similar High Quality Industrial Assets Remain Readily Available Moving into Q2 2022
Fremont, Calif. – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $27.5 million of permanent financing for Fremont Tech Park II. The 140,000-square-foot, three-building, light industrial/R&D flex-tech campus is located on the I-880 industrial corridor in Fremont, CA. Originally developed in 1998, the modernized and well-maintained campus features high image design and landscaping with ready access to the greater Silicon Valley region.
Gantry’s Tony Kaufmann, Director, with the firm’s San Francisco production office represented the borrower in obtaining financing. The 11-year, fixed rate loan was provided by one of Gantry’s correspondent life company lenders and will be locally serviced by the firm. By recapitalizing Fremont Tech Park’s with a new, long-term fixed rate loan at what remains a generationally low interest rate, the asset is positioned for stabilized performance during the decade ahead.
According to Gantry’s Tony Kaufmann, “Light industrial/R&D space remains in high demand from the many technology and life sciences companies that call the Bay Area and Silicon Valley home. Well maintained, mature properties like Fremont Tech Park II have performed well during the pandemic as the demand for flexible lab space has surged. These market fundamentals resonate well with a host of lenders looking to lend on high quality industrial properties with solid sponsorship. For quality assets, we continue to see multiple financing options from different sources that meet different investment outcomes, all at what remain generationally low interest rates that are especially appealing for a legacy hold strategy.”