For Sale / Sold
Industrial Properties
WAREHOUSE FOR OWNER-USER
Street Address: 937 75th Avenue, Oakland, CA
Price: $1,100,000 (In Escrow)
PROPERTY OVERVIEW
Rare opportunity for an owner-user or investor to purchase a unique warehouse/office building located in both Oakland's Green Zone and Opportunity Zone. With plenty of room to expand, this block construction building built in 1991 originally for use as a film studio comprises approximately ±3,289 square feet of usable space situated on a ±16,891 SF (0.39 AC) corner lot.
LOCATION OVERVIEW
The property is conveniently located 0.4 miles from the Coliseum BART station and has easy access to I-880, Oakland Airport, and Hegenberger Road. It is in the City of Oakland's Green Zone and Opportunity Zone. As a result, all cannabis related uses except for volatile manufacturing are eligible for permit application (buyer to verify).
EXPANSION POTENTIAL
The building is currently 1/3 warehouse (±14.5 ft clearance) and 2/3 office containing a full kitchen and two bathrooms. With expansion in mind the original construction drawings show a second story and a larger footprint, which if built, could qualify for the Opportunity Zone tax break (buyer to verify). CIX-2 zoning allows for a FAR of 2.0/4.0 with a maximum height limit of 55 ft.
FOR BROCHURE CLICK HERE
CORE BAY AREA NNN INDUSTRIAL CENTER
Street Address: 2483-2495 Washington Ave, San Leandro, CA
Price: $6,000,000 (Sold)
PROPERTY OVERVIEW
+ 100% leased to 6 tenants
+ Industrial Gross leases
+ Strong cash flow from tenants with long history
+ Stable cash-flow
+ Traditionally very low vacancy
BUILDING OVERVIEW
+ Building Size: +/-43,897 SF industrial building
+ Parcel: +/-1.89 acre lot (82,328 sf)
+ Built: 1948 (Roof 2005 foam roof covering +$150k)
+ Building Fully Sprinklered
+ 7 Individual Units
+ Zoning: Industrial Park (assembly use)
+ APN: 74-84-15-2
+ Great Street Visibility
+ Great Access to I-880 (1.3 miles) via Marina Blvd
MAJOR REMODEL 2005
+$1.45M remodel in 2005 including facade' and roof
CONDOMINIUM CONVERSION
+Construction compatible to Condominium Conversion
FOR BROCHURE CLICK HERE
SKY HIGH SPORTS INDOOR TRAMPOLINE PARK, STNL
Street Address: 1631 Challenge Drive, Concord, CA
Price: $6,500,000 (Sold)
• Single Tenant NNN investment sale
• Closed - March 5th, 2019
• Building Size: 24,000 SF on 1.46 acres
• $6,500,000 (all-cash, no loan)
• Current NOI $540,0000
• Cap Rate: 8.30%
• 15 year NNN lease thru April 2032 (13 yrs remaining)
• 5% rent increases 5/22 & 5/27
• Seller - Privately held investment fund
• Buyer - Sought secure long term cash flow
FOR BROCHURE CLICK HERE
SUNBELT RENTALS WAREHOUSE & SERVICE CENTER
Street Address: 1801 Walters Court, Fairfield, CA
Price: $3,632,967 (Sold)
• Single Tenant NNN investment sale
• Closed - April 9th, 2019
• Building Size: 14,030 SF on 3.07 acres
• $3,632,967 (all-cash, no loan)
• Current NOI $205,992
• 3% annual increases
• Cap Rate: 5.67%
• New 10 year NNN lease thru Oct 2027 (2 x 5 yr options)
• Seller - Privately held investment fund
• Buyer - Sought stable long term cash flow.
• Noteworthy - part of a 2 building reverse 1031X.
FOR BROCHURE CLICK HERE