Description
ProForma CAP Rate of 7.45% @ $1.95/Per Sq. Ft. NNN / Tremendous upside or value-add potential through leasing out industrial space near market rate of$1.95/SF NNN. Comparable properties on average are leasing similarly sized spaces at $2.11/SF.
The industrial condominium located in Fremont, CA is currently configured with upgraded office spaces, full bathroom and shower, full kitchen with upgraded appliances, and extensive buildouts & warehouse space. The property features roll up doors with tall ceilings, & 4 reserved parking spaces. The property was built in 1982 and is 2,968 Sq. Ft. Fremont, CA has become a major regional industrial hotspot. The are current 900+ companies that manufacture products in Fremont, 23% of Fremont jobs are in manufacturing, 50+ million square feet of office/R&D/Industrial space, & Fremont is the #1 place for tech startups per capita in the country.
Location
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Listing Agent: WAYNE KRENTEL
Listing Office: LE INVESTMENT GROUP
Attribution contact: 909-256-7889 | 909-256-7889
