521 Wilbur Ave - Manufacturing FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$4,800,000 USD
916-724-1344
521 Wilbur Ave, Antioch, CA for Sale
$4,800,000 USD
Manufacturing - FOR SALE
1/7
null | 6.28% Cap Rate

521 Wilbur Ave
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • Passive Double-Net Lease - Landlord Responsible for Roof and Structure
  • Located in the San Francisco Bay Area City of Antioch, CA (Second Largest City in Contra Costa County)
  • Eleven (11) Years Remaining on Original 15-Year Lease, With Two (2) 5-Year Options to Extend
  • Redeveloped in 2021 to the Specifications of Caliber Collision
  • 5.50% Year One Cap Rate (6.28% Average Cap Rate Over Initial Term)
  • Limited Competition - Next nearest Caliber Collision is 11 miles away in Brentwood, CA

OVERVIEW

The Moroz Drake Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 521 Wilbur Avenue, a single-tenant net-leased (STNL) industrial investment opportunity located in the San Francisco Bay Area City of Antioch, California (second largest City in Contra Costa County). The offering is comprised of a 22,970 square foot freestanding single-story industrial building that is fully leased to Caliber Collision on a NN lease until February 2036 providing stable passive cash-flow. The building which was originally developed in 1982 was extensively renovated to the specifications of Caliber Collision in 2021. This the only Caliber Collision in Antioch with nearest locations located 11.9 miles away in Brentwood and 19.6 miles away in Concord. The offering represents a rare opportunity to own a well maintained, passive net-leased investment and the only Caliber Collision in the second largest City in Contra Costa County.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98

LAND SF

42,689

ZONING

M-1

APN/PARCEL ID

065-040-025-2

ASK ABOUT THIS PROPERTY

Christopher DrakeMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1344

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Christopher DrakeMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1344

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