180 E San Antonio Dr - Manufacturing FOR SALE


King City, CA 93930
$2,100,000 USD
949-903-9136
180 E San Antonio Dr, King City, CA for Sale
$2,100,000 USD
Manufacturing - FOR SALE
1/12
null | Request Cap Rate

180 E San Antonio Dr
King City, CA 93930


OVERVIEW

King City's only large-scale, fully enclosed industrial facility. The 9,300 square foot continuous section is vacant and delivers on day one. 180 East San Antonio Drive offers 14,100 square feet of enclosed building on a 1.00 acre industrial parcel, divided into three independently securable sections: one continuous 9,300 square foot span, plus two separate 2,400 square foot units. The property is fully enclosed behind newly constructed perimeter fencing and gates, on a freshly asphalted and striped lot with 49 parking spaces. Nothing else in this market compares. Every competing option in the King City corridor is open yard, partial cover, or small multi-tenant bays. A continuous 9,300 square foot enclosed span, on a coated and sealed slab, behind a new gate, with 49 dedicated stalls, does not otherwise exist in this submarket. Property features: - 14,100 SF total enclosed: 9,300 SF continuous, plus two 2,400 SF units - Concrete floors coated and sealed, control joints filled. Dust-free, washdown-capable, forklift-ready - Grade-level roll-up doors on opposite sides, supporting drive-through flow and independent tenant access - 49 parking spaces, newly asphalted and striped. A 3.48 per 1,000 SF ratio, roughly double typical industrial - Newly fenced and gated perimeter, controlled access - Built 2001. Industrial zoning. APN 026-522-038-000 Income and occupancy: Two month-to-month tenants are in place at $1.10 per square foot, occupying the two 2,400 square foot units. The 9,300 square foot section is vacant. Fully leased at the in-place rate the building produces approximately $15,510 per month, roughly $186,120 annually, triple net. That structure works for two very different buyers. An owner-user takes the 9,300 square feet at close with no lease to wait out, and keeps the smaller tenancies as offsetting income. An investor acquires an under-occupied asset in a submarket with no competing supply, with a defined path to stabilization and the ability to mark rents to market on 30 days' notice. Location: King City sits directly on the Highway 101 corridor in southern Monterey County, the primary north-south freight route between Los Angeles and the Bay Area, in the heart of the Salinas Valley. Roughly 45 minutes to Salinas, about an hour to Monterey, about two hours to San Jose. Occupancy cost is materially below Salinas, Gilroy, and the Bay Area on the same corridor. Suited to agricultural processing and packing, food handling, cold or dry storage, distribution and last-mile logistics, fleet and contractor operations, light manufacturing, licensed and regulated uses requiring a secured enclosed premise, and self-storage or flex conversion. Priced below replacement cost. Reconstructing this facility in California today carries an indicative cost of $2.4 to $3.0 million excluding land, before accounting for 18 to 30 months of entitlement and permitting. Full offering memorandum, rent roll, and site plan available to qualified parties. Contact Jonas Lalehzadeh at (949) 903-9136 or jonas@herbes.com to schedule a tour.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1

LAND SF

43,560

ZONING

-

APN/PARCEL ID

026-522-038-000

ASK ABOUT THIS PROPERTY

Jonas LalehzadehAnderson RealtyMore Info
949-903-9136

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Jonas LalehzadehAnderson RealtyMore Info
949-903-9136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.