Two-Building Industrial Property
Value-Add or Owner/User Industrial Opportunity
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire 1725-1733 Mission Road in Colma, California. The property is two adjacent industrial buildings that total approximately 11,000 square feet and are situated on a 0.76- acre site. The buildings were built in 1958 and the zoning designation is Commercial. There are 31 on-site parking spaces for a parking ratio of 2.82 per 1,000 SF.
1725-1727 Mission Road measures approximately 6,000 square feet and is configured with two tenant suites, each of which measures about 3,000 square feet. The building has five 9-ft X 12-ft roll-up doors and one 12-ft X 13-ft roll-up door. Minimum clear height is approximately 12 feet. 1733 Mission Road measures approximately 5,000 square feet and is occupied by a single tenant. The building has two 16-ft X 11-ft roll-up doors, and the minimum clear height is approximately 12 feet.
The property appeals to both investors and users alike. All three tenants occupy the property on a month-to-month basis at below market contract rents. This provides an opportunity for a user to occupy the space, or for an investor to move rents up to market. Colma’s unique landscape, characterized by its numerous cemeteries, imposes significant restrictions on development, rendering available industrial and commercial space scarce. This scarcity elevates the value of properties similar to the subject, as they represent rare opportunities within a limited market.
Investment highlights
Value-add or owner/user industrial opportunity in Colma
Two light industrial buildings totaling +/-11,000 square feet
One building is configured for a single tenant and the other is configured for two tenants
All leases are on a month-to-month basis and well below market
Both buildings have multiple grade level loading doors
Excellent access from Interstate 280
Near multiple major retail developments and auto dealerships
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