490 Watt Dr - Warehouse FOR SALE


Fairfield, CA 94534- West
$9,000,000 USD
916-724-1331
490 Watt Dr, Fairfield, CA for Sale
$9,000,000 USD
Warehouse - FOR SALE
1/48
null | 6.67% Cap Rate

490 Watt Dr
Fairfield, CA 94534
West


HIGHLIGHTS

  • ONLY $123 PER SQUARE FOOT | 6.67% CAP RATE YEAR 1
  • FULLY LEASED SINGLE-TENANT INVESTMENT OPPORTUNITY
  • DESIRABLE LOCATION AT THE CONFLUENCE OF I-80, I-680, AND HIGHWAY 12
  • LEASED TO LONG-TERM TENANT AT BELOW-MARKET RENTS
  • BRAND NEW ROOF (2025) | 2500 AMPS POWER
  • DIVISIBLE TO THREE UNITS FOR FUTURE FLEXIBILITY

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale 490 Watt Drive in Fairfield, CA. This well-located investment property has been leased to Perfect Delivery Logistics Services for many years, and the tenant recently signed a new seven-year lease. The property consists of a concrete tilt-up industrial warehouse totaling approximately 72,929 square feet on a ±4.45-Acre lot. The property has 2,500 Amps of power, 18’ minimum clear heights, and seven dock positions, allowing for a wide range of potential tenants. At only $123 per square foot, investors can expect significant upside in equity as the lease rolls over in 2033 to a Fair Market Value adjustment. The property’s irreplaceable location at the junction of I-80, I-680, and Hwy-12 provides tenants ease of access to Napa, San Francisco, and Sacramento and offers tenants an affordable alternative to industrial space in Napa County, San Francisco, and the East Bay. Located west of the I-80 truck scales, logistics companies delivering to Napa and the Bay Area minimize windshield time for drivers and avoid DOT inspections on their route. This offering represents an opportunity to acquire a high-quality concrete-tilt building with a stable, long-term tenant in an excellent location, all substantially below replacement cost. The adjacent property, 440 Watt Drive, is also for sale for $5,000,000, only $110 per square foot (contact Broker for details).

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

-

DOCKS

7

DRIVE INS

2

PARKING SPACES

45

LAND DETAILS

LAND ACRES

4.45

LAND SF

193,842

ZONING

Limited Industrial (IL)

APN/PARCEL ID

0180-140-140

ASK ABOUT THIS PROPERTY

James BeeghlyMarcus & MillichapMore Info
916-724-1331

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James BeeghlyMarcus & MillichapMore Info
916-724-1331

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