521 Wilbur Ave - Manufacturing FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$4,980,000 USD
916-724-1344
521 Wilbur Ave, Antioch, CA for Sale
$4,980,000 USD
Manufacturing - FOR SALE
1/7
null | 5.3% 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, CALIFORNIA (SECOND LARGEST CITY IN CONTRA COSTA COUNTY)
  • ELEVEN (11) YEARS REMAINING ON ORIGINAL 15-YEAR LEASE, WITH TWO (2) 5-YEAR OPTIONS TO RENEW
  • REDEVELOPED IN 2021 TO THE SPECIFICATIONS OF CALIBER COLLISION
  • 5.72% - AVERAGE CAP RATE OVER INTIAL TERM

OVERVIEW

The Moroz Drake Group of Marcus & Millichap has been retained to exclusively market for sale 521 Wilbur Avenue, a single-tenant net-leased (STNL) industrial investment opportunity located in the San Francisco Bay Area City of Antioch, California. 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 was originally developed in 1982 but was renovated for Caliber Collision in 2021. The offering represents a truly rare opportunity to own a well maintained, passive leased investment, in the supply constrained San Francisco Bay Area MSA.

FOR SALE DETAILS

PRICE

$4,980,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

5.3%

% 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.