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San Pablo Heavy Power + Heavy Ind. Zoning 1200 Chesley Ave

16,200 SF Industrial Building Richmond, CA 94801 $3,189,307 CAD ($197 CAD/SF) 6.61% Cap Rate

Investment Highlights

  • Rare Industrial Mixed Use (IMU) Zoning - Allows a wide range of difficult to find industrial uses by right without a Conditional Use Permit (CUP).
  • Central Transportation Hub - Property sits just minutes to Highway 80, 880, Port of Richmond as well as all major cities.
  • Heavy Power + Natural Gas - 1,200-amp, 277/480 volts, 3 phase. This feeds the full building and has various stepped down amperage.

Executive Summary

Davide F. Pio of BCRE is proud to present for sale or lease the heavy powered industrial warehouse building with spacious fenced lot. The property allows for an extremely rare opportunity to own an Industrial Mixed Use (IMU) zoning asset which has been in use as a foundry.
The site is comprised of one large segmented ±15,000 sq. ft. warehouse + ±1,200 office with heavy 1,200-amp, 277/480-volt, 3 phase power and multiple step downs and submeters, seven (7) bridge and swing arm/jib cranes, and seven (7) grade level doors at various points of entry. The IMU zoning allows for a wide range of heavy industrial uses by right allowing a tenant or buyer to save time obtaining a Conditional Use Permit (CUP).
Being in the heart of San Pablo in the East Bay, the property allows incredible access throughout the major thoroughfares and only a short distance to major railways and ports.

Financial Summary (Pro forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $306,174 $18.90
Other Income $1,701 $0.10
Vacancy Loss $21,432 $1.32
Effective Gross Income $286,442 $17.68
Taxes $40,798 $2.52
Operating Expenses $34,807 $2.15
Total Expenses $75,605 $4.67
Net Operating Income $210,837 $13.01

Financial Summary (Pro forma - 2025)

Gross Rental Income (CAD)
Annual $306,174
Annual Per SF $18.90
Other Income (CAD)
Annual $1,701
Annual Per SF $0.10
Vacancy Loss (CAD)
Annual $21,432
Annual Per SF $1.32
Effective Gross Income (CAD)
Annual $286,442
Annual Per SF $17.68
Taxes (CAD)
Annual $40,798
Annual Per SF $2.52
Operating Expenses (CAD)
Annual $34,807
Annual Per SF $2.15
Total Expenses (CAD)
Annual $75,605
Annual Per SF $4.67
Net Operating Income (CAD)
Annual $210,837
Annual Per SF $13.01

Property Facts

Price $3,189,307 CAD
Price Per SF $197 CAD
Sale Type Investment or Owner User
Cap Rate 6.61%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Truck Terminal
  • Industrial Service
Building Class C
Lot Size 0.88 AC
Rentable Building Area 16,200 SF
No. Stories 1
Year Built 1959
Tenancy Single
Clear Ceiling Height 12 ft 6 in

Amenities

  • Fenced Lot
  • Yard

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
410-021-001-4
Land Assessment
$449,394 CAD (2024)
Improvements Assessment
$641,993 CAD (2024)
Total Assessment
$1,091,386 CAD (2024)
Annual Taxes
$40,798 CAD ($2.52 CAD/SF)
Tax Year
2025

zoning

Zoning Code IMU (Industrial Mixed Use)
IMU (Industrial Mixed Use)
  • Listing ID: 33591428

  • Date on Market: 2024-10-22

  • Last Updated:

  • Address: 1200 Chesley Ave, Richmond, CA 94801

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