Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 48664-48668 Milmont Drive (“48664-48668 Milmont” or the “Property”), a vacant advanced manufacturing / life sciences (GMP) facility located in one of the Bay Area’s most highly coveted manufacturing submarkets, Fremont.
Over the last few years, Fremont has experienced a dramatic influx of tenants from the Silicon Valley and San Francisco Peninsula who are being displaced by the continuous expansion of tech giants and the correlated supply/demand imbalance of R&D/advanced manufacturing space in those core submarkets. Additionally, the rise and evolution of the life sciences sector across the Bay Area has created a new demand driver in Fremont. Life sciences tenants looking for both GMP space and access to a highly talented labor pool have limited options to choose from. This has pushed tenants to look across the Peninsula to the I-880 corridor. Fremont has become the submarket of choice due to its broad accessibility to the Bay Area, supply of excellent R&D space, the new BART extension, access to high level engineering and manufacturing labor, its expanding residential supply and the business-friendly environment in Fremont. Ideally located in Warm Springs, the Property is poised to benefit from the strong and improving market fundamentals in Fremont. Situated between the Interstate 880 and 680, and within close proximity to best in class amenities, the Property is well positioned to capture a diverse array of tenant demand.
48664-48668 Milmont offers investors a rare, value-add investment opportunity featuring direct access to both Interstate 880 and 680, a highly improved manufacturing space and a compelling Fremont location with close proximity to a variety of retail options.
- Centralized Bay Area Location with Superior Access to I-880 & I-680
- Highly Improved Infrastructure & Tenant Optionality
- Adjacent to High-Profile Advanced Manufacturing Neighbor - Tesla
- Blossoming Fremont Location Including Warm Springs BART
- Amenity Rich Location with Superior Bay Area Access