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Rare Multi-Tenant Industrial Investment 5729 Sonoma Dr

21,238 SF 68% Leased Industrial Building Pleasanton, CA 94566 $8,370,560 CAD ($394.13 CAD/SF) 6.62% Cap Rate

INVESTMENT HIGHLIGHTS

  • 21,238 SF Industrial Owner User/Investment Opportunity
  • 15.5’ – 17’ Foot Clear Height, 100 AMPS of Power Per Unit, 10 Grade Level Doors, Sprinklers
  • Located on Sonoma Dr off Sunol Blvd - Minutes from HWY 680
  • Great Value Add Opportunity to Raise Rents - All Short Term Leases in Place
  • Brand New Roof in 2022
  • Strong Demographics with Household Incomes in Excess of $182,000 in a 1-Mile Radius

EXECUTIVE SUMMARY

- Rare Owner-User/Investment opportunity to acquire an 21,238 square foot industrial building with 12 units on 1.15 acres.
- Short Term leases in place.
- Current average rent is approx. $1.85 SF Gross - 6.62% CAP Rate using $1.85 SF Gross proforma rent on the 3 vacant units.
- Great value add multi-tenant opportunity to raise rents.
- The property has 15.5’ – 17’ foot clear height, 100 AMPS of power per unit.
- The property has 10 grade level roll up doors.
- The property is Fully Sprinklered.
- Each unit has its own HVAC unit as well as its own restroom.
- Utilities are individually metered.
- The property is in the industrial park (I-P) zoning designation which allows for light industrial uses.
- The property has been exceptionally maintained; all units have been periodically renovated.
- Brand new roof just replaced in November of 2022 with a renewable 10-year warranty.
- The property is located on Sonoma Drive off Sunol Boulevard minutes from Highway 680. Extremely strong demographics with household incomes in excess of $182,000 in a 1-mile radius.

PROPERTY FACTS

Price $8,370,560 CAD
Price Per SF $394.13 CAD
Sale Type Investment or Owner User
Cap Rate 6.62%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Showroom
Building Class B
Lot Size 1.15 AC
Rentable Building Area 21,238 SF
No. Stories 2
Year Built 1986
Parking Ratio 2.12/1,000 SF
Clear Ceiling Height 17’
No. Drive In / Grade-Level Doors 1

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
948-0009-004-01
Land Assessment
$1,307,853 CAD
Improvements Assessment
$2,179,756 CAD
Total Assessment
$3,487,609 CAD

ZONING

Zoning Code I-P (Industrial Park (I-P))
I-P (Industrial Park (I-P))
  • Listing ID: 31548326

  • Date on Market: 2024-04-18

  • Last Updated:

  • Address: 5729 Sonoma Dr, Pleasanton, CA 94566

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