2025-2035 Newcomb Ave - Warehouse FOR SALE


San Francisco, CA 94124
$8,890,000 USD
415-694-9698
2025-2035 Newcomb Ave, San Francisco, CA for Sale
$8,890,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

2025-2035 Newcomb Ave
San Francisco, CA 94124


HIGHLIGHTS

  • 25% of the project is leased to the City of San Francisco at rents that are significantly below market. The Moody’s rating for the City of San Francis
  • Rare value-add industrial opportunity in San Francisco’s core industrial submarket
  • Power upgrade fully approved and permitted: Power capacity can be increased to 2,500 amps
  • Highly functional space with 4 dock-high and 2 grade-level doors
  • One of the tightest industrial markets in the country with Q4 2023 vacancy at 4.3% and 6.7% average annual rent growth since 2016
  • Superb Location with immediate access to Interstate 280 and Highway 101 and 1.3M consumers within 10 miles and 3.5M within 25 miles

OVERVIEW

Newmark, as exclusive advisor, is pleased to extend to qualified investors the opportunity to acquire the 100% fee-simple interest in 2025-2027 Newcomb Avenue (the “Property”), a 42,497 SF warehouse property in the heart of San Francisco’s industrial market. 2025-2027 Newcomb Avenue is 30,082 rentable square feet and will be delivered vacant, providing investors the opportunity to immediately increase cash flow by leasing the vacancy or for owner-users to acquire an extremely functional warehouse building in a prime location. 2025-2027 Newcomb Avenue is leased to the City of San Francisco as a materials testing lab, providing investors with a secure income stream and a high likelihood of a lease renewal due to the City’s specialized improvements. The Property faces three streets, Oakdale, Rankin, and Newcomb, with 4 dock-high and 2 grade-level doors. The 30,082 SF available space is highly functional and can be leased to a single tenant or demised. The Property is well-positioned in the India Basin submarket, the heart of San Francisco’s thriving 12.8 MM SF industrial market. With easy access to Highway 101 and 280 on-ramps and off-ramps, this Property offers exceptional connectivity to key areas, including Downtown San Francisco, SFO (San Francisco International Airport), and Silicone Valley. Additionally, its proximity to approximately 1.3 million consumers within a 10-mile radius presents a substantial customer base. The India Basin submarket is one of the tightest industrial markets in the nation. As of Q4, 2023, the vacancy rate stood at 4.3%. Since 2016, the submarket has demonstrated steady rent growth, averaging 6.7% annually. Additionally, the market has attracted an expanding roster of technology-focused industrial users, further fueling rent growth and declines in vacancy. *** For more information, visit our website: https://www.nmrk.com/westernregioninvestmentsales?propertyId=2025-2027-newcomb-avenue-san-francisco-sale ***

FOR SALE DETAILS

PRICE

$8,890,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2025-2027 Newcomb Ave

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.03

LAND SF

45,000

ZONING

PDR-1-B and PDR-2

APN/PARCEL ID

5315-051

ASK ABOUT THIS PROPERTY

Seth McKinnonNewmarkMore Info
415-694-9698

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Seth McKinnonNewmarkMore Info
415-694-9698

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.