- Rare Owner-User/Investment opportunity to acquire an 21,238 square foot industrial building with 12 units on 1.15 acres.
- Short Term leases in place.
- Current average rent is approx. $1.85 SF Gross - 6.62% CAP Rate using $1.85 SF Gross proforma rent on the 3 vacant units.
- Great value add multi-tenant opportunity to raise rents.
- The property has 15.5’ – 17’ foot clear height, 100 AMPS of power per unit.
- The property has 10 grade level roll up doors.
- The property is Fully Sprinklered.
- Each unit has its own HVAC unit as well as its own restroom.
- Utilities are individually metered.
- The property is in the industrial park (I-P) zoning designation which allows for light industrial uses.
- The property has been exceptionally maintained; all units have been periodically renovated.
- Brand new roof just replaced in November of 2022 with a renewable 10-year warranty.
- The property is located on Sonoma Drive off Sunol Boulevard minutes from Highway 680. Extremely strong demographics with household incomes in excess of $182,000 in a 1-mile radius.