Rare 21,238 SF Industrial Building For Sale

- Rare Owner-User/Investment opportunity to acquire an 21,238± SF multi-tenant industrial building with 12 Units Ranging from 1,000 SF - 3,000 SF on 1.15 AC Parcel.

- 7.25% Proforma CAP Rate using a conversative proforma rent of $1.50 SF NNN, all leases are short term with current average rent at approx. $1.70 SF gross, great value add opportunity.

- Majority of the Leases are Month-to-Month or Expire at the End of 2025.

- The property has 15.5’ – 17’ foot clear height, 100 AMPS of power per unit, 10 grade level roll up doors. 

- The property is Fully Sprinklered. 

- Each unit has its own AC 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.