CBRE, Inc., as exclusive broker, is pleased to offer for sale 2933 Alvarado Street (the “Property”), an institutional quality industrial asset totaling 54,203 square feet in San Leandro, CA. The Property is 100% leased to ACCO Engineered Systems through August 2029. ACCO was founded in 1934 and handles design, fabrication, installation, maintenance and service of commercial and industrial HVAC, refrigeration, plumbing, process piping, and building automation systems.
The property offers superior access to major freeways servicing San Francisco,San Jose, and Oakland including I-880 and I-580. This infill location also offers proximity to a well-educated, high-income population base across the Bay Area. The Last mile facility is located approximately 4 miles from Oakland International Airport and 8 miles from the Port of Oakland.
The property is being marketing with an asking price of $15,761,054 or a 5.75% Year 1 Cap Rate.