Available For Sale - Industrial , Warehouse

47,422 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
47,422 SF
Price/SF
Show Pricing $
Listing ID
SA482936
Notes
Built in 1975, this building was constructed as a two‐unit facility. The opportunity is to maintain the property as an on‐going leased investment, or construct a new industrial building once the leases expire.



Both units are leased at below‐market rents; negotiated just before the current real estate spike. Half of the building is leased through 5/31/26 at @ $0.78NN; plus one 5-year option at market. This unit was fully refurbished. The other half is leased to a dead storage user through 5/31/23 at $0.67 Gross; the offices in this unit were not refurbished.



There is a recognized environment condition at the site. Environmental sampling showed contaminants in the subsurface. The data was reported to regulators. No regulatory action has been taken to date. Seller will furnish you with its environmental reports upon request. Also, Seller will provide Buyer with a holdback amount in Escrow (to be negotiated) to cover future studies/remediation, if any. Available reports include:



Phase I Environmental Site Assessment dated 1-28-20

Limited Phase II subsurface Investigation dated 6-8-20

Additional Site Assessment Report dated 12-9-20

Letter to California DTSC dated 8-24-21

Notice to Potential Responsible Parties dated 8-24-21
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
David Knowlton CCIM SIOR MBA, NAI Capital
BRE# 00893394