As Bay Area apartment operating fundamentals continued to decline in 2023-1Q 2026, BayRock Multifamily, LLC and its partners, including Kolega Real Estate (Orinda, CA) identified a unique investment opportunity. Once again, BayRock’s team used its local network of owner and broker contacts to source this 4.6 acre Industrial site in an AAA East Bay Location.
Situated in Martinez, CA’s well-established industrial corridor, the property was purchased for well below its prior appraised value from its long-time private, family trust owner. The site features an existing 8,300 square foot industrial building. The property benefits from its existing zoning and entitlements allowing for BayRock’s intended Industrial Outdoor Storage use (IOS).
Prior to closing the purchase in 2Q 2026, BayRock secured a long term lease from a national, credit tenant for approximately 30% of the potential yard space. The tenant operates multiple locations in the US for fuel logistics and distribution.
BayRock’s venture with Kolega intends to make minor, physical improvements to the property establishing 3-4 separate yards. This purchase provides attractive, near-term cash flow, immediate occupancy for prospective tenants, and long term operational flexibility.
