2933-2939 Alvarado St - Warehouse FOR SALE


San Leandro, CA 94577- Floresta Gardens-Bradrick
$15,761,054 USD
213-613-3053
2933-2939 Alvarado St, San Leandro, CA for Sale
$15,761,054 USD
Warehouse - FOR SALE
1/7
null | 5.75% Cap Rate

2933-2939 Alvarado St
San Leandro, CA 94577
Floresta Gardens-Bradrick


HIGHLIGHTS

  • 100% Leased to Quality Tenant - Founded in 1934, ACCO Engineering Systems is one of the largest environmental firms in the Western United States
  • Renovated and institutionalized over the last 5 years with over $1.7M in improvements
  • 3PL activity has been strong for buildings under 200K SF
  • Construction pipeline / new supply has decreased dramatically
  • Light industrial assets led the West Coast in leasing volume in 2024
  • Irreplaceable asset in one of the most desirable West Coast markets, available at a below replacement value basis

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$15,761,054 USD

PRICE/SF

$292 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.26

LAND SF

98,446

ZONING

IG

APN/PARCEL ID

077B-1201-021-00

ASK ABOUT THIS PROPERTY

Rebecca PerlmutterCBRE, Inc.More Info
213-613-3053

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Rebecca PerlmutterCBRE, Inc.More Info
213-613-3053

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