415-786-5332
3150-3184 Spring St, Redwood City, CA for Sale
Warehouse - FOR SALE
1/68
null | Request Cap Rate

3150-3184 Spring St
Redwood City, CA 94063


HIGHLIGHTS

  • Blocks away from Stanford Medical Center
  • 5 grade level 14x16 roll-up doors with additional 10x12 roll-up door at 793 5th Ave. location.
  • 18 foot clear height
  • All units seperately metered for gas and electricity
  • Close proximity to Woodside Road and HWY 101
  • Centrally located between San Jose, East Bay, and San Francisco

OVERVIEW

First time on the market since 1978, this fantastic owner/user property is now available for sale. The site consists of 2 separate buildings on one +/- 25,000 sqft parcel. 2 units are vacant with a third being available shortly after close of escrow. The remaining 3 units have leases that expire August of 2024 with the potential to cancel the lease early for two contiguous spaces. The rear parking area is fenced and secured with IR (industrial restricted) zoning that allows for a wide variety of industrial, manufacturing, and R&D type uses. SBA financing would be a great fit here since over 50% occupancy is available immediately. Remaining occupied units are far below market rent and re-tenanting the spaces would be easily possible. Pricing is based off of the ground floor area of approximately 12,790 sqft .

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.59

LAND SF

25,700

ZONING

IR

APN/PARCEL ID

055-086-010

ASK ABOUT THIS PROPERTY

Bryan DiMesioMarcus & MillichapMore Info
415-786-5332

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Bryan DiMesioMarcus & MillichapMore Info
415-786-5332

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