3440 Pacheco Blvd - Warehouse FOR SALE


Martinez, CA 94553- Outer Richmond/Martinez
$5,500,000 USD
650-787-1535
3440 Pacheco Blvd, Martinez, CA for Sale
$5,500,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

NEW


3440 Pacheco Blvd
Martinez, CA 94553
Outer Richmond/Martinez


HIGHLIGHTS

  • 94% leased — twelve of thirteen suites let to six local operators
  • Every lease expires by December 2027 — no escalations, pass-throughs or options
  • In-place $0.99/SF/mo gross vs. $1.73 market — a 75% mark-to-market spread
  • 6.28% Year 1 cap · 8.91% Year 2 on a $5,500,000 basis
  • Thirteen suites of 1,500–2,400 SF — no single tenant carries the income
  • 15'–17' clear, grade-level roll-up in every suite, fenced yard on both buildings

OVERVIEW

3440 & 3450 Pacheco Blvd is a two-building, ±29,400 SF small-bay multi-tenant industrial project on ±1.95 acres in Martinez, at the center of the Contra Costa industrial corridor. The property is offered at $5,500,000, or $187 per square foot. The project is demised into thirteen separately leasable units of 1,500 to 2,400 SF, plus one 8,080 SF office and warehouse suite. Building A (3440) is ±16,800 SF across five bays; Building B (3450) is ±12,600 SF across eight bays. Clear height runs 15' to 17'. Every suite has a grade-level roll-up door facing a shared drive aisle, and both buildings are served by fenced storage yards of ±3,500 and ±3,000 SF. Zoning is L-I, Light Industrial. WHAT MAKES THIS DIFFERENT Twelve of the thirteen suites are leased to six local operators, several in occupancy since 2017–2019. Suite B-8, 1,800 SF, is vacant and available for immediate occupancy. Every lease in the project expires between now and December 2027. None carries a contractual rent escalation, a tax pass-through, or a renewal option, so rents are flat through term and reset entirely at rollover. Across the leased space, in-place rent averages $0.99/SF/month gross against a market of $1.73 — a 75% spread that a buyer captures on their own timeline rather than inheriting someone else's mid-term. The going-in yield on the rent roll as it stands is 3.72%. Year 1 (2027), when five of the six leases reset and both available bays re-let, projects to 6.28%. Year 2, the first full year at market, projects to 8.91%. Full underwriting, assumptions and a five-year cash flow are available in the offering memorandum. Small-bay product of this size is effectively no longer built in central Contra Costa. New construction chases large-format distribution, while the 1,500–2,400 SF bay with a roll-up door and yard access is held for decades and rarely trades. Bays that accommodate automotive and equipment-service users — drive-in access, floor drainage, adequate power, a municipal use permit — are scarcer still. At $187/SF the offering is 69% of the $7,952,933 insured replacement cost of the two buildings, a basis that does not depend on any rent assumption.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3440-3450 Pacheco Blvd

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

14

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,738

ZONING

L-I

APN/PARCEL ID

377-190-009-3

ASK ABOUT THIS PROPERTY

Alex PeckLee & Associates Commercial Real Estate ServiceMore Info
650-787-1535

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Alex PeckLee & Associates Commercial Real Estate ServiceMore Info
650-787-1535

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