FOR SALE | 15,000 SF Industrial Warehouse on 2 Acres – Fully Leased Investment Opportunity - Newly Renovated 2851 Alvarado Street, San Leandro, CA 94577 A rare opportunity to acquire a Newly Renovated, Stabilized Industrial Asset in one of the East Bay’s most strategic logistics hubs. This ±15,000 sq. ft. freestanding warehouse is situated on a generous ±2-acre lot, currently leased to a strong tenant paying secure market rents. The property offers immediate income with long-term flexibility for owner-users or investors seeking dependable cash flow and asset appreciation. Property Highlights: Warehouse Size: Approximately 15,000+/- Sq. Ft. Lot Size: ~2.02+/- Acres (~87,991+/- Sq. Ft.) Newly Renovated Industrial Warehouse Built 1948 Zoning: IG Front offices with A/C & Drop Ceilings, includes: Reception Lobby, 3 Private Offices, 4th workstation or conference room / training room, Kitchenette/Break Room ~13,400+/- SF warehouse ~1,600+/- SF office space ~87,991+/- Sq. Ft. parcel, fenced, and mostly paved and well-maintained 5 dock high loading doors 1 drive-in ramp loading dock for interior access Sprinklers Upgraded electrical power: 200 Amps Location: Near BART, Downtown San Leandro, Marina Square, Hwy 880, Oakland Airport Lot securely fenced all around the lot Key code entry and exit Secure safety exterior lighting Investment Highlights: Stabilized Income: Currently generating a 5.31% cap rate based on a 7-year average of in-place lease terms Secure Market Rent: Tenant paying strong market rate, ensuring solid returns and attractive income stream Flexible Exit Strategy: Ideal for long-term investors or future owner-users seeking to occupy the property at lease expiration Strategic Location: Minutes to I-880, I-580, and San Leandro BART , Oakland Airport – excellent for logistics and workforce accessibility Land-Rich Asset: 2.02-acre parcel offers long-term development potential, outdoor storage, or future expansion Strong Industrial Market: Located in a low-vacancy, high-demand sub-market with steady rental growth Zoning: IG – Industrial General (City of San Leandro) The property is zoned IG – Industrial Commercial, one of San Leandro’s most flexible and sought-after industrial designations. This zoning allows a wide range of light industrial, warehouse, distribution, and commercial uses—making it ideal for both investors and owner-users. The IG (Industrial General) zoning for 2851 Alvarado Street in San Leandro offers broad flexibility for high-intensity industrial uses, including manufacturing, warehousing, equipment repair, and contractor yards. It allows outdoor operations with appropriate screening and supports businesses that require heavy equipment, large vehicle access, or 24/7 operations. Compared to other industrial zones, IG zoning has fewer restrictions and permits a wider range of uses without a Conditional Use Permit (CUP), making it attractive for logistics & fabrication. With no explicit FAR limit and a height allowance of up to 50 feet, it’s ideal for operations needing scale and operational freedom. Why IG Zoning Adds Value: Supports both industrial and integrated office/commercial operations Perfect for growing businesses needing warehouse + administrative space Allows for yard storage and vehicle circulation Enhances long-term value with broad tenant appeal and reuse flexibility IG zoning makes this ±15,000 SF facility on a ±2-acre lot a standout option in San Leandro’s high-demand industrial market—suitable for immediate cash flow and future operational use. This is a rare chance to secure a prime industrial asset with built-in cash flow, land upside, and long-term flexibility. Contact us today to receive a full marketing package & to schedule a private tour.