5729 Sonoma Dr - Warehouse FOR SALE


Pleasanton, CA 94566
$5,750,000 USD
408-966-5919
5729 Sonoma Dr, Pleasanton, CA for Sale
$5,750,000 USD
Warehouse - FOR SALE
1/25
null | 6.68% Cap Rate

5729 Sonoma Dr
Pleasanton, CA 94566


HIGHLIGHTS

  • 21,238 SF Industrial Owner User/Investment Opportunity
  • Great Value Add Opportunity to Raise Rents - All Short Term Leases in Place
  • 15.5’ – 17’ Foot Clear Height, 100 AMPS of Power Per Unit, 10 Grade Level Doors, Sprinklers
  • Brand New Roof in 2022
  • Located on Sonoma Dr off Sunol Blvd - Minutes from HWY 680
  • Strong Demographics with Household Incomes in Excess of $182,000 in a 1-Mile Radius

OVERVIEW

- 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.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Multi-Tenant Industrial Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

17 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.15

LAND SF

50,094

ZONING

I-P

APN/PARCEL ID

948-0009-004-01

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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