Rare 21,238 SF Industrial Building For Sale

Rare Owner-User/Investment opportunity to acquire an 21,238 square foot industrial building with 12 units on 1.15 acres. Entire 21,238 SF building can be occupied by an Owner User with the longest lease expiring in December of 2024. Current average rent/SF is $1.67 gross. The property has short term under market leases, 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.