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521 Wilbur Ave 22,674 sq ft Industrial Property Antioch, CA 94509 £3,512,310 (£154.90/sq ft) 6.41% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Passive Double-Net Lease - Landlord Responsible for Roof and Structure
- Eleven (11) Years Remaining on Original 15-Year Lease, With Two (2) 5-Year Options to Extend
- 5.50% Year One Cap Rate (6.28% Average Cap Rate Over Initial Term)
- Located in the San Francisco Bay Area City of Antioch, CA (Second Largest City in Contra Costa County)
- Redeveloped in 2021 to the Specifications of Caliber Collision
- Limited Competition - Next nearest Caliber Collision is 11 miles away in Brentwood, CA
EXECUTIVE SUMMARY
The Moroz Drake Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 521 Wilbur Avenue, a single-tenant net-leased (STNL) industrial investment opportunity located in the San Francisco Bay Area City of Antioch, California (second largest City in Contra Costa County).
The offering is comprised of a 22,970 square foot freestanding single-story industrial building that is fully leased to Caliber Collision on a NN lease until February 2036 providing stable passive cash-flow. The building which was originally developed in 1982 was extensively renovated to the specifications of Caliber Collision in 2021. This the only Caliber Collision in Antioch with nearest locations located 11.9 miles away in Brentwood and 19.6 miles away in Concord.
The offering represents a rare opportunity to own a well maintained, passive net-leased investment and the only Caliber Collision in the second largest City in Contra Costa County.
The offering is comprised of a 22,970 square foot freestanding single-story industrial building that is fully leased to Caliber Collision on a NN lease until February 2036 providing stable passive cash-flow. The building which was originally developed in 1982 was extensively renovated to the specifications of Caliber Collision in 2021. This the only Caliber Collision in Antioch with nearest locations located 11.9 miles away in Brentwood and 19.6 miles away in Concord.
The offering represents a rare opportunity to own a well maintained, passive net-leased investment and the only Caliber Collision in the second largest City in Contra Costa County.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Caliber Collision
- Service type
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Caliber Collision | Service type | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 065-040-025-2 | Improvements Assessment | £3,430,694 |
| Land Assessment | £674,084 | Total Assessment | £4,104,778 |
PROPERTY TAXES
Parcel Number
065-040-025-2
Land Assessment
£674,084
Improvements Assessment
£3,430,694
Total Assessment
£4,104,778
CONTACTS
-
Christopher Drake -
Russ Moroz -
Abdullah Sulaiman -
Matt Sulaiman -
James Beeghly -
Marcus & Millichap Real Estate Investment Services
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521 Wilbur Ave
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