2455 Bates Ave - Warehouse FOR SALE


Concord, CA 94520
$4,100,000 USD
925-974-0237
2455 Bates Ave, Concord, CA for Sale
$4,100,000 USD
Warehouse - FOR SALE
1/5
null | 3.23% Cap Rate

2455 Bates Ave
Concord, CA 94520


HIGHLIGHTS

  • Rare light industrial property available in North Concord.
  • Highly functional facility with ample parking, heavy power and grade level loading.
  • Short term leases at under-market rents.
  • Prominent corner location with excellent on highly trafficked Bates Avenue (±16,800 vehicles per day).
  • Recently painted, landscaped and slurry sealed.
  • Near major corporate tenants including John Muir, Bay Alarm, Aramark, and Conco Cement.

OVERVIEW

Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire 2455 Bates Avenue (the “Property” or “Facility”) in Concord (technically unincorporated Contra Costa County) California. The Property consists of an approximately 19,800 square foot light industrial building situated on approximately 0.92 acres in a prime corner location. With all tenants on short term leases at under-market rents, the facility offers the ability for an owner/user to occupy all or a portion of the building, or for an investor to create value through increasing lease rates to market levels.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

3.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

-

CLEAR CEILING HT

9 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.92

LAND SF

40,075

ZONING

L-I

APN/PARCEL ID

159-361-009

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

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