490 Watt Dr, Fairfield, CA 94534

Marcus & Millichap has been selected to exclusively market for sale 490 Watt Drive in Fairfield, CA. This well-located investment property has been leased to Perfect Delivery Logistics Services for many years, and the tenant recently signed a new seven-year lease.

The property consists of a concrete tilt-up industrial warehouse totaling approximately 72,929 square feet on a ±4.45-Acre lot. The property has 2,500 Amps of power, 18’ minimum clear heights, and seven dock positions, allowing for a wide range of potential tenants. At only $123 per square foot, investors can expect significant upside in equity as the lease rolls over in 2033 to a Fair Market Value adjustment.

The property’s irreplaceable location at the junction of I-80, I-680, and Hwy-12 provides tenants ease of access to Napa, San Francisco, and Sacramento and offers tenants an affordable alternative to industrial space in Napa County, San Francisco, and the East Bay. Located west of the I-80 truck scales, logistics companies delivering to Napa and the Bay Area minimize windshield time for drivers and avoid DOT inspections on their route.

This offering represents an opportunity to acquire a high-quality concrete-tilt building with a stable, long-term tenant in an excellent location, all substantially below replacement cost.

The adjacent property, 440 Watt Drive, is also for sale for $5,000,000, only $110 per square foot (contact Broker for details).