29605 Pacific St - Small Bay/Development Opportunity
Small Bay / Owner User Light Industrail
Marketing description
Situated on a large 1.11 acre parcel of land, the subject property has a net rentable area of approximately 24,070 square feet. The subject property features drive-up access, 24-hour camera surveillance, and a secure entrance gate.
29605 Pacific is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (19 miles), The Peninsula (24 miles), The Tri-Valley (14 miles), Silicon Valley (24 miles), and San Francisco (30 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants.
The investment appeal of this asset is driven by Hayward's strong employment fundamentals and low vacancy levels.
Investment highlights
- Rare opportunity for an owner-user seeking a centrally located facility for a moving, construction, contractor, or service-related business
- Flexible site with potential for redevelopment or repositioning to light industrial use
- Offered at land value, providing attractive basis relative to replacement cost and surrounding industrial pricing
- Centrally located in Hayward with convenient access to major transportation corridors including I-880, I-580, and the San Mateo-Hayward Bridge
- Strategic infill Bay Area location serving the East Bay, Peninsula, and Silicon Valley markets
- Potential to optimize the existing layout for contractor yards, warehouse space, fleet parking, or small-bay industrial use
- Strong underlying industrial fundamentals supported by limited land availability and high barriers to entry in the Bay Area
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