Kato Road
48761 Kato is a 91,275-square foot R&D building in Fremont, California. Marwood acquired the project through a local broker relationship after the previous buyer failed to close due to pending litigation. Through due diligence, creating personal relationships with the sellers, and obtaining a full and detailed understanding of the legal matters at issue, Marwood was able to negotiate a short-close all cash transaction that met the needs of all parties. Single story, vacant owner user buildings in the 100,000 SF size range were exceedingly rare in the surrounding market. Kato Center also provided freeway visibility once a new landscaping plan was implemented.
EXECUTION
Marwood immediately cleaned up the interiors, implemented a new landscaping plan that opened the visibility of the property, and slurry-sealed and re-striped the parking lot to give the project a clean and new feeling. The property was marketed for lease or for sale as an owner-user opportunity. Marwood executed a successful sale transaction in only 9 months, which allowed a project level return of over 50% in under a year’s time.
ADDRESS
48761 Kato Road, Fremont, CA
PROJECT SIZE
91,275 Square Feet
PROPERTY TYPE
R&D Office
ACQUIRED
October 2014
SOLD
June 2015