The building sits on a full block (40,000 sf) at theintersection of Third Avenue and Market Street, a few blocks southof Interstate 880 and two blocks north of Jack London Square. Thesale price was $3.35 million.

Privately held Extra Space Storage plans to renovate thebuilding and add it to the 100 or so other public storageproperties it owns in 13 states, including six in the Bay Area. Acall to the Salt Lake City-based company was not returned. DavidBecker of HC&M Commercial Properties negotiated the acquisitionfor the company.

The seller, Alameda, CA-based Golden State International, is amajor importer and wholesaler of fashion watches. Neil Kelly andJerry Rampelberg of Pacific Union Commercial Brokerage in SanFrancisco had the disposition assignment. One-third of the buildingwas built out as office. Rampelberg tells that GoldenState International kept inventory in the warehouse and its salesstaff in the office space before declaring the building surplus andputting it on the market.

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