37580 Filbert St - Warehouse FOR SALE
Newark, CA 94560 |
37580 Filbert St
Newark, CA 94560
HIGHLIGHTS
- Low Basis - At an asking price of $14.5M, basis is 50% of market
- Strong Credit - 100% Absolute NNN leased to a national tenant with over 35,000 customers proving a secure income stream to investors.
- Huge Upside - In-place rents are less than 50% of market, offering investors significant upside.
- Proven Market Fundamentals - 14% average annual rent growth since 2015 and low 4.0% vacancy in Fremont/Newark.
- Modern, High Quality Asset - Highly functional building with 34'-40' clear heights, 2 dock high doors, and 5 grade level doors. Modern construction, b
- Superb location – Easy access to the Silicon Valley, Port of Oakland, Oakland Airport, SFO, and 2.1M consumers within 15 miles.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
UTILITIES
-
CLEAR CEILING HT
40 Ft
DOCKS
2
DRIVE INS
5
PARKING SPACES
10
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
092-0155-016-00
