Newmark Completes Sale Of 11-Building Industrial Portfolio in San Francisco East Bay

Photo credit to Todd Quam

Newmark announces the Company has arranged the sale of Sierra Trinity, an 11-building, shallow bay industrial portfolio located in Dublin, California, in the San Francisco East Bay. Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubchik, Vice Chairman Edmund Najera, Senior Managing Director Darren Hollak and Associate Director Brendan Raney represented the undisclosed seller and buyer in the transaction.

"The marketing process for Sierra Trinity yielded a deep bid pool of institutional, local and family office buyers," said Golubchik. "The competitive marketing process demonstrated the demand for multi-tenant, shallow bay industrial product in infill locations."

Sierra Trinity, located at 6701 Sierra Court, was 97% leased at the time of the sale to nearly 40 tenants across a variety of industries, with no single industry accounting for more than 20% of the rent roll. The property provided strong in-place cash flow with an average commitment of more than nine years, as well as potential future upside by marking rents to market and an average rental rate increase of 7% from renewing tenants.

Dublin sits in the East Bay Area's Tri-Valley, which also includes other cities such as Pleasanton, San Ramon and Livermore. The infill location site is just minutes away from both the 680 and 580 Freeways, the main East-West & North-South corridors in the inner East Bay, making it an easy commute from the rest of the Bay Area. The East Bay submarket is also home to a variety of well-known companies such as Workday, Lam Research and Kaiser.

According to Newmark Research, 80% of industrial leases signed in the U.S. in 2025 were for under 50,000 square feet, and buildings under 100,000 square feet have a vacancy rate of 5.3% while the national average is 7.5%.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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