Industrial (Auto) Owner User Opportunity

2031-2057 San Ramon Valley Blvd, San Ramon presents a rare Owner-User/Investment opportunity to acquire an 18,000 square foot industrial automotive building with 14 units on 1.42 acres. 12,000 square feet - 10 Units (67% of the building) can be made available for an Owner User to occupy after close of escrow. By the end of 2024, an Owner User can occupy 100% of the building. Currently the average rent/SF is $1.70 gross. The property has short term under market leases, great value add multi-tenant opportunity to raise rents. Due to the automotive uses and the small unit sizes, rents can be increased to $2.50 SF NNN. At our asking price of $6,300,000 that would be an 8.6% CAP Rate. The property has 15.5’ – 17’ foot clear height, 100 AMPS of power per unit for 12 of the units and 208 -3 phase for 2 of the units, the total building has 1,700 AMPS. The property has 12 grade level roll up doors. Utilities are individually metered. The property is in the commercial/service commercial (C/SC) zoning designation which allows for automotive uses. The property is in excellent condition and has been well maintained by current Ownership, roof is only 5 years old. The property is located on San Ramon Valley Boulevard directly off Highway 680 and minutes from Crow Canyon Road where there is a plethora of national retailers. Extremely strong demographics with household incomes in excess of $168,000 in a 1-mile radius.