Core Bay Area Sherwin-Williams
Core SF Bay Area | Rare 3% Annual Increases | 40 Year Operating History
Marketing description
Cushman & Wakefield is pleased to exclusively offer for sale a fully leased Sherwin-Williams property located in the core San Francisco Bay Area. The 6,697-square-foot industrial building is secured by a 13-year lease with approximately 12.5 years of remaining term, providing investors with long-term, stable cash flow. Originally constructed in 1964, the property features a new roof installed in 2015. Sherwin-Williams has successfully operated from this location since 1988, demonstrating a longstanding commitment to the site and market. The lease also benefits from 3% annual rental increases throughout the primary term, providing consistent organic income growth.
The Sherwin-Williams property is located within the high-density industrial and logistics hub of the East Oakland Airport District, positioned directly off the heavily trafficked I-880 corridor (215,000 VPD) that connects San Francisco/Downtown Oakland with north San Jose and the rest of Silicon Valley. The immediate submarket features excellent urban industrial demographics, boasting a population exceeding 242,000 residents with an average household income of $117,445 within a three-mile radius. With immediate access to Exit 37 (66th Ave/Zhone Way) off Interstate 880, the site is highly accessible to both locals and commuters traveling throughout the East Bay, as well as offering easy distribution to commercial projects throughout downtown Oakland, San Leandro, and the broader East Bay. Across the street from the site lies the Oakland-Alameda County Coliseum Complex, the former home of Oakland’s major professional sports franchises that currently serves as a major concert venue for international touring artists and slated for a $5 billion
redevelopment project. Neighboring tenants including TireHub, Wheels America, and Public Storage provide additional customer traffic to the immediate area. The site is situated less than 10 minutes from Oakland International Airport (OAK) and approximately 20 minutes from the Port of Oakland, offering exceptional regional connectivity.
Investment highlights
- 6,697 square foot industrial building fully leased to Sherwin-Williams. Sherwin-Williams has occupied the building since 1988 and currently has over 12 years remaining on its primary lease term.
- ±12.5 years remaining. Sherwin-Williams added 10 more years of term in 2025.
- 3% annual increases throughout the lease
- ±40 years of operating history, with the tenant successfully occupying the location since 1988
- S&P-rated 'BBB' investment grade corporate guaranty
- Sherwin-Williams reported net income of $2.569 billion on $23.57 billion of revenue in 2025
- Rare core San Francisco Bay Area single tenant net lease investment opportunity
- Direct access to Interstate 880 (215,000 VPD), a major transportation artery for the region
- Located adjacent to Oakland Coliseum/Arena, site of a planned $5 billion redevelopment project
- Less than ten minutes from Oakland Airport and Port of Oakland
- Highly visible location on 66th Avenue (14,000 VPD)
- Strong demographics with a population of over 450,000 and average household income of $130,000 within a five-mile radius
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