For Sale
$8,500,000

5135 Port Chicago HwyConcord, CA 94520

Multi-Tenant Flex Space, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Concord, CA, featuring a 26,400 square foot, multi-tenant industrial property situated on one acre. This Class B, stabilized investment boasts a 91% occupancy rate with five tenants, generating a pro-forma NOI of $556,965 and a 6.55% cap rate. The property, built in 1978 and renovated in 2019, comprises a single two-story building with eight units. The flexible lease structure includes rent bumps, offering potential for future income growth. The property benefits from a unique zoning and use permit, and the primary tenant is secured by a long-term lease and recent tenant improvements. This presents a strong cash flow opportunity with diversified income streams, making it an ideal addition to any portfolio. The property is located at 5135 Port Chicago Hwy, Concord, CA 94520, within Contra Costa County, in the San Francisco Bay Area. The property is classified as Flex, Manufacturing, and Warehouse space.

Highlights

  • High Net Operating Income (NOI)
  • Flexible zoning allows for diverse uses
  • Modernized in 2019 for current tenant needs

Property Details for 5135 Port Chicago Hwy

Property type
Warehouses, Industrial properties
Square Feet
26,400 SF
Class
B
Year Built/Renovated
1978/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
8

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
38.016632925975
Longitude
-122.02587251255
5135 Port Chicago Hwy, Concord, California

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5135 Port Chicago Hwy
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