South San Francisco Multi-Tenant Food Mfg Warehouse
Industrial | 33,000 SqFt
Marketing description
Very rare value-add property for sale in South San Francisco. 20 ft. High Ceilings, Heavy Power, Sprinklers, Floor Drains and off-street parking are found in this building. Current tenants include an electrician and a USDA approved baking facility. Tenant leases terminate in August 2027 (Electrician) and August 2027 for the bakery. WALT is less than 2 Years. With a low vacancy rate, this is a great building and location available in a difficult market to enter.
Close to the City of San Francisco and a short drive to San Francisco International Airport, Proforma NOI is expected to be around 7+% when all leases go to market rate. Rare USDA approved baking manufacturing facility. Ideal for an investor or Owner-User who can wait for 3 years to gain the rental increase or the use the property for their business.
Investment highlights
+/-33,000 SF Multi-Tenant Warehouse Facility
Occupied by Two Tenants with Below Market Rents
WALT +/-3 Years
Tremendous Upside to Increase to Market Rate Rent
Rare USDA Approved Baking Facility
Heavy Power and Large Gas Lines
20 ft. Clear Height
Wet Sprinklers
Approximately Five (5) GL Doors. One door can revert to a dock well.
Off Street Parking
Close to San Francisco and SF International Airport
Easy Freeway Access
Low Vacancy Rates within South San Francisco
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