Industrial Facility Purchased in Hayward for $37.5 Million

Lincoln Property Company and New York Life Investment Management acquired the 150,000-square-foot industrial site.

Updated on Oct. 12, 2026 in Commercial

Industrial Facility Purchased in Hayward for $37.5 Million

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Lincoln Property Company and New York Life Investment Management have purchased an industrial facility in Hayward for $37.5 million. The deal marks a significant valuation increase for the 150,000-square-foot property, which was sold by PPF Industrial.

Why it matters

The acquisition highlights ongoing investor confidence in the Hayward industrial market. Current owners may look to upgrade the facility's power capacity to 4,000 amps to attract advanced manufacturing tenants.

The property was acquired for $37.5 million, a 262 percent increase over its 2016 sale price of $14.3 million. The facility currently spans 150,000 square feet and is leased to Outform Group through summer 2028.

The players

Lincoln Property Company

This is a global real estate firm that specializes in the management, development, and investment of diverse property types.

New York Life Investment Management

This is the investment management arm of a major insurance provider that oversees extensive real estate and alternative assets.

Outform Group

This is a retail design and manufacturing company that serves as the current tenant for the Hayward facility.

JLL

This is a global professional services firm that specializes in real estate and investment management brokerage.

PPF Industrial

This is an investment entity that acted as the seller of the industrial property.

The details

JLL brokered the sale of the facility located at 30526 San Antonio Street. The site sits in a market that recorded 618,462 square feet of industrial leasing activity during the third quarter of 2026.

2015: Prologis bought the facility for $9.9 million.
2016: PPF Industrial bought the facility for $14.3 million.
Q3 2026: Hayward reported a 5.6 percent warehouse vacancy rate.
Summer 2028: The Outform Group lease concludes.

Culture Shift

The acquisition reflects a broader regional trend of heavy institutional investment into Hayward industrial assets, as evidenced by the 5.6 percent warehouse vacancy rate in the third quarter of 2026. This move aligns with competitive activity in the East Bay, where property values continue to rise alongside significant industrial leasing demand.

Local businesses may observe changes in the industrial landscape as new owners look to target advanced manufacturing tenants. The site's potential power capacity increase could also influence local utility requirements and infrastructure planning for the area.

The takeaway

The sharp increase in property value since 2016 demonstrates the sustained demand for industrial space in the region. Investors are increasingly focused on retrofitting older properties to meet the needs of modern high-power manufacturing.