Westcore, a real estate investment company, has acquired an Oakland industrial building for $40.5 million. Located at 8380 Pardee Drive, the 155,000-square-foot building is adjacent to Oakland International Airport. Built in 2012, the building has 8,000 square feet of cold storage, 30-foot clear height, and ESFR (Early Suppression Fast Response) sprinklers.
Westcore was represented by Tom Damaschino of Cushman & Wakefield. The seller was represented by Richard Sutherland of The Sutherland Company.
Read more about this transaction in the San Diego Business Journal.