521 Wilbur Ave
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521 Wilbur Ave
22,674 SF Industrial Building Antioch, CA 94509 $5,280,000 ($233/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- PASSIVE DOUBLE - NET LEASE – LANDLORD RESPONSIBLE FOR ROOF AND STRUCTURE
- ELEVEN (11) YEARS REMAINING ON ORIGINAL 15-YEAR LEASE, WITH TWO (2) 5-YEAR OPTIONS TO RENEW
- 5.72% - AVERAGE CAP RATE OVER INTIAL TERM
- LOCATED IN THE SAN FRANCISCO BAY AREA CITY OF ANTIOCH, CALIFORNIA (SECOND LARGEST CITY IN CONTRA COSTA COUNTY)
- REDEVELOPED IN 2021 TO THE SPECIFICATIONS OF CALIBER COLLISION
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $5,280,000 | Building Class | C |
| Price Per SF | $233 | Lot Size | 0.98 AC |
| Sale Type | Investment NNN | Rentable Building Area | 22,674 SF |
| Cap Rate | 5% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1982 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing |
| Price | $5,280,000 |
| Price Per SF | $233 |
| Sale Type | Investment NNN |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.98 AC |
| Rentable Building Area | 22,674 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Tenancy | Single |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Caliber Collision
- Services
- 22,674 SF
- $0.96
- Double Net
- Feb 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Caliber Collision | Services | 22,674 SF | $0.96 | Double Net | Feb 2036 |
PROPERTY TAXES
| Parcel Number | 065-040-025-2 | Improvements Assessment | $4,500,770 |
| Land Assessment | $884,340 | Total Assessment | $5,385,110 |
PROPERTY TAXES
Parcel Number
065-040-025-2
Land Assessment
$884,340
Improvements Assessment
$4,500,770
Total Assessment
$5,385,110
ZONING
| Zoning Code | M-1 (Light Industrial) |
| M-1 (Light Industrial) |
CONTACTS
-
Christopher Drake -
Russ Moroz -
Abdullah Sulaiman -
Matt Sulaiman -
Marcus & Millichap Real Estate Investment Services
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