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2455 Bates Ave

19,800 SF 100% Leased Industrial Building Concord, CA 94520 $4,100,000 ($207/SF) 3.23% Cap Rate

Warehouses California Concord 2455 Bates Ave, Concord, CA 94520

Investment Highlights

  • Rare light industrial property available in North Concord.
  • Short term leases at under-market rents.
  • Recently painted, landscaped and slurry sealed.
  • Highly functional facility with ample parking, heavy power and grade level loading.
  • Prominent corner location with excellent on highly trafficked Bates Avenue (±16,800 vehicles per day).
  • Near major corporate tenants including John Muir, Bay Alarm, Aramark, and Conco Cement.

Executive Summary

Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire 2455 Bates Avenue (the “Property” or “Facility”) in Concord (technically unincorporated Contra Costa County) California. The Property consists of an approximately 19,800 square foot light industrial building situated on approximately 0.92 acres in a prime corner location. With all tenants on short term leases at under-market rents, the facility offers the ability for an owner/user to occupy all or a portion of the building, or for an investor to create value through increasing lease rates to market levels.

Attachments

2455 Bates Ave

Property Facts

Price $4,100,000 Lot Size 0.92 AC
Price Per SF $207 Rentable Building Area 19,800 SF
Sale Type Investment or Owner User No. Stories 1
Cap Rate 3.23% Year Built 1981
Property Type Industrial Parking Ratio 2.78/1,000 SF
Property Subtype
Warehouse
  • FlexLight Distribution
 Clear Ceiling Height 9 FT
Building Class C No. Drive In / Grade-Level Doors 8
Price $4,100,000
Price Per SF $207
Sale Type Investment or Owner User
Cap Rate 3.23%
Property Type Industrial
Property Subtype
Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 0.92 AC
Rentable Building Area 19,800 SF
No. Stories 1
Year Built 1981
Parking Ratio 2.78/1,000 SF
Clear Ceiling Height 9 FT
No. Drive In / Grade-Level Doors 8

Amenities

  • 24 Hour Access
  • Signage
  • Air Conditioning
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2455 Bates Ave, Concord, CA - aerial map view - Image1
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2455 Bates Ave, Concord, CA - aerial map view - Image3

PROPERTY TAXES

Parcel Number 159-361-009-8 Improvements Assessment $1,415,664
Land Assessment $341,922 Total Assessment $1,757,586

PROPERTY TAXES

Parcel Number
159-361-009-8
Land Assessment
$341,922
Improvements Assessment
$1,415,664
Total Assessment
$1,757,586

zoning

Zoning Code L-I (Light Industrial)
L-I (Light Industrial)
(925) 974-0238

  • Listing ID: 32139995

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 2455 Bates Ave, Concord, CA 94520

More public record information on 2455 Bates Ave, Concord, CA 94520

The Industrial Property at 2455 Bates Ave, Concord, CA 94520 is currently available For Sale. Contact Newmark for more information.

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2455 Bates Ave
(925) 974-0238 x

2455 Bates Ave

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Tyler Epting

(925) 974-0238

(925) 974-0238

Forrest Gherlone

(925) 974-0237

(925) 974-0237

Nancy Morse

(408) 987-4175

(408) 987-4175

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