Overton Moore Properties Expands with New Acquisition in Northern California

OMP Expands Their Northern California Footprint

On January 28, 2026, Overton Moore Properties (OMP) announced a significant addition to its real estate portfolio with the acquisition of the Altamont Shallow Bay Industrial Portfolio. Located in Livermore, California, this newly acquired asset consists of two multi-tenant buildings that total an impressive 245,472 square feet, effectively marking OMP's third investment under its Core Plus strategy.

The Details of the Acquisition

The Altamont Shallow Bay Industrial Portfolio sits on approximately 12.8 acres of prime industrial land. The properties are noteworthy for their design, featuring 74 dock-high doors and 18 grade-level doors with clear heights ranging from 24 to 26 feet. This configuration provides flexibility for various users, accommodating warehouse operations, logistics, and light manufacturing activities.

One of the standout features of this portfolio is its tenant structure. The buildings are currently 100% leased to a diverse group of 13 tenants, with none occupying more than 10% of the total rentable space. This distribution offers OMP a stable cash flow and the potential for immediate market adjustments that could further enhance profitability.

According to Pete Cassiano, Chief Investment Officer of OMP, the acquisition exemplifies OMP's strategy of expanding its presence in constrained markets. He expressed excitement about this acquisition, noting that it is a top-tier asset in one of the East Bay's most competitive industrial submarkets. The excellent location, adaptable functionality, and robust tenant base, combined with an attractive purchase price relative to replacement costs, made this investment proposition particularly appealing.

OMP's Growth Strategy

Overton Moore Properties is firmly established in industrial real estate, focusing on major markets across the Western United States. With a strong history spanning over 52 years, OMP has developed a comprehensive business model that includes acquisition, development, and property management. This acquisition fits well into OMP's growth strategy and reinforces its position within the industrial sector.

In total, OMP has constructed and acquired more than 40 million square feet of industrial and mixed-use properties across California, Arizona, Nevada, and Utah. Their strategy involves a deep understanding of local markets, relationships with tenants, and strong institutional partnerships that together contribute to sustained success in real estate investments.

For those looking to understand the implications of OMP's latest move, it is worth noting that the demand for industrial space, particularly in supply-constrained areas like Livermore, is on the rise. As logistics and distribution companies seek more space to meet the increasing e-commerce needs, OMP is likely to benefit from this trend.

Conclusion

With the acquisition of the Altamont Shallow Bay Industrial Portfolio, Overton Moore Properties is not just incrementing its footprint in Northern California; it is strategically positioning itself in a key growth market. As demand for industrial spaces continues to surge, investments like this are expected to further solidify OMP's competitive edge in the industry. This move showcases OMP’s commitment to expanding its core portfolio while ensuring robust returns for its investors.

For additional information about Overton Moore Properties and their investment strategy, visit their website at www.omprop.com.