5044 Peabody Rd - Commercial LAND FOR SALE


Fairfield, CA 94533 424,710 SF
$6,100,000 USD
408-282-3829
5044 Peabody Rd, Fairfield, CA for Sale
$6,100,000 USD
Commercial LAND - FOR SALE
1/2
424,710 SF

5044 Peabody Rd
Fairfield, CA 94533


HIGHLIGHTS

  • Mixed-Use opportunity with combination of industrial outdoor storage yard income and boat/RV storage income
  • Future redevelopment opportunity as residential (proximity to Fairfield-Vacaville Amtrak Station)
  • 9.75 Acres – 5.0 acres operated as Sun-Ray RV & Boat Storage; 4.75 acres leased to 3 tenants
  • RV & Boat Storage 96% occupied as of May 2024 ($29,000/month gross effective rents)
  • Total T-12 Gross Income of $541,000
  • In-Place Net Operating Income of $450,000+

OVERVIEW

Colliers’ de Jong | Becher Self Storage Team along with Brian Slocum of Lee & Associates has been retained as the exclusive advisors by the ownership to offer for sale the SunRay Landscape and Sun-Ray RV & Boat Storage yard. Combined area of 9.75 acres located in the Fairfield-Vacaville Amtrak Station area slated for long-term redevelopment to residential. The Sun-Ray combined property has current gross effective rents of $542,000 with in-place net operating income of $452,000. Total potential rents are estimated to be $760,000 based on competitive market rents for similar properties. Average in-place rental rates of $0.27/SF for RV & Boat rentals, $0.72/SF for containers and $0.14/SF for the outdoor yard area. The property offers the investor an opportunity to enjoy stable income from a long-term tenant and increasing rents from the RV & Boat Storage yard. Option to add additional containers at Buyers discretion (buyer to verify with City). The property is being offered at $6,100,000 on an as-is, where-is basis. The property is free and clear of any debt allowing the investor/buyer to acquire the property utilizing their own preferred debt/equity deal structure.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/ACRE

$625,641/AC

PRICE/SF

$14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Sun-Ray Storage

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial

LAND ACRES

9.75 AC

LAND SF

424,710 SF

OFFSITE IMPROVEMENTS

Electricity, Streets, Telephone

ZONING

Commercial

APN/PARCEL ID

0166-080-030,0166-080-040

ASK ABOUT THIS PROPERTY

Thomas de JongColliersMore Info
408-282-3829

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Thomas de JongColliersMore Info
408-282-3829

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