Hayward Industrial Facility Sold for $37.5 Million
New owners purchased the 150,000-square-foot industrial site in Hayward, which remains leased through 2028.
Updated on Oct. 12, 2026 in Commercial
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Lincoln Property Company and New York Life Investment Management have acquired a 150,000-square-foot industrial facility in Hayward for $37.5 million. The property is currently fully leased by Outform Group until the summer of 2028.
Why it matters
The acquisition highlights ongoing investment activity in the Hayward industrial market despite broader regional vacancy trends. This purchase reflects significant value appreciation for the asset, which sold for nearly three times its 2016 purchase price.
The property, located at 30526 San Antonio Street, sold for $37.5 million, marking a 262 percent price increase from its $14.3 million sale in 2016. Hayward recorded a 5.6 percent warehouse vacancy rate in the third quarter of 2026.
The players
Lincoln Property Company
A major real estate investment and management firm that develops and operates industrial and office properties nationwide.
New York Life Investment Management
An asset management firm that invests in commercial real estate portfolios to provide long-term institutional returns.
Outform Group
A global retail experience and display manufacturer that currently occupies the Hayward facility as its tenant.
JLL
A global commercial real estate services company that facilitates property transactions and provides market analytics for industrial investors.
Prologis
A global leader in logistics real estate that develops and manages industrial properties throughout the East Bay.
The details
Lincoln Property Company and New York Life Investment Management acquired the 150,000-square-foot facility from PPF Industrial in a deal brokered by JLL. The new owners are evaluating plans to increase the site's power capacity to 4,000 amps, potentially to accommodate advanced manufacturing tenants once the current lease with Outform Group concludes in summer 2028.
Timeline
2015: Prologis purchased the facility for $9.9 million.
2016: PPF Industrial purchased the facility for $14.3 million.
Q3 2026: Hayward industrial market vacancy and leasing metrics were recorded.
Summer 2028: The existing lease held by Outform Group is scheduled to end.
The Home Front
This acquisition follows a trend of sustained industrial property investment in Hayward, which outperformed the broader East Bay in vacancy metrics during the third quarter of 2026. The facility's high valuation growth reflects the continued demand for specialized manufacturing space.
While this is a commercial transaction, Hayward residents should monitor local zoning and industrial redevelopment news as owners consider future manufacturing site upgrades. Property owners near 30526 San Antonio Street may see localized traffic or site activity changes when the current lease concludes in 2028.
The takeaway
Large-scale commercial investment continues to shape Hayward's industrial corridors, signaling long-term interest in the area's manufacturing potential. Local observers should track site upgrades for the 30526 San Antonio Street facility as the 2028 lease expiration approaches.
Further reading
For more information on regional developments, visit the Commercial section.
Source note: This article includes information reported by The Real Deal New York.
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