Metal warehouse building fully leased to 4 tenants. Two buildings, one with sprinklers. Zoning is R-3-18 and located in an Opportunity Zone. All tenants are month to month, with the exception of one, whose lease expires May 31, 2023. All rents are well below market. Each Building has it's own electrical supply, multiple meters. Property is secure with one ingress/egress entry point with a gate. Individual units are modest with minimal build out, restroom electrical panel and some have office space. Warehouse space remains difficult to find in the market and rents remain healthy. The Boys and Girls club is completing a brand new $17M facility directly south of the subject property, with a Spring 2023 open date. MidPen Housing is working on 175 unit mixed use housing project to the east. This neighborhood is going through significant change and will continue to do so as other projects take shape. Great opportunity to raise rents to market and hold long term.
Listing courtesy of Nick Abbott from North Bay Property Advisors
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