Active

Private Address

$10,900,000


$171.91 per sqft

Active

63,406 sqft

Commercial

Built in 1966

Now $10.9M | In Place 10.88% Cap at current 80.5% occupancy | Priced Below Replacement Cost | $172/SF | Proven income for years | Clear upside by filling the vacant warehouse space. This is a stabilized asset with large upside. In Place solid ROI and growing. Very strong and stable upside. Highly Desirable Location for Cannabis Tenants. Secure building. Easy Freeway Access. Just Minutes Away from Dispensaries. D-ce-6 Central Estuary District Industrial Zone - 6: This Zone Allows Industrial and Manufacturing Uses, Transportation Facilities, Warehousing and Distribution, and Similar Related Supporting Uses. Cannabis Related Business Include: Type 7 Volatile Substances, Type 6 Non-volatile Substances, Cultivation, Manufacturing, Commercial Kitchen, Laboratory, Co-packing, and Delivery-only Dispensary.

41024455

MLS ID

April 17, 2023

Listed

April 10, 2024

Updated

Map

Private Address

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.15 Acres


Lot Features

Warehouse


Roof

Rolled/Hot Mop

Other Property Details

Garage

Yes


Parking

Assigned, Enclosed, Other


View

No


County

Alameda


Pool

No


Zoning

WH


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

2/14/2024

Price Change

$10,900,000

-22%

1/2/2024

Price Change

$13,900,000

-10%

Listed by Joshua Keller with NAI Northern California
Listing Contact: 612-718-5933 

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