MDH Partners Pays $22.5MM for Siemens-Leased 108,000 SQFT Industrial Building in Livermore, Nearly Doubling 2020 Price
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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Georgia-based MDH Partners has made its Bay Area debut by buying a fully leased, high-power Livermore industrial building from LBA Properties for $22.5 million, an 81 percent gain on what LBA paid six years ago as dem…
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