For Sale
$7,800,000

428-438 Airport BlvdSouth San Francisco, CA 94080

Prime Industrial Warehouse, 100% Occupied, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, 21,600-square-foot warehouse located at 428-438 S. Airport Blvd in South San Francisco, California, 94080. The property boasts a desirable location, offering convenient access to Highway 101 and proximity to Costco. The single-story building features three dock-high doors, providing efficient loading and unloading capabilities. With a total of 11 parking spaces, ample parking is available for tenants and visitors. The warehouse is currently 100% occupied across two units, generating a stable income stream. The property sits on a lot ranging from 7,000 to 8,000 square feet. The asking price is $7,800,000, and the sale is structured as a 1031 exchange. Rent bumps are included in the lease agreements, ensuring future income growth. This is a rare opportunity to acquire a high-quality, net-lease industrial property in a prime South San Francisco location with strong tenant occupancy and built-in appreciation potential. The property is ideal for investors seeking a stable, long-term investment with significant upside. The convenient location and strong tenant occupancy make this a compelling investment opportunity.

Highlights

  • $7,800,000 asking price for a Net Lease industrial property.
  • 21,600 square foot warehouse in South San Francisco, CA.
  • 100% occupancy with two units.
  • Features three dock-high doors and eleven parking spaces.
  • Located near Highway 101 and Costco, on a lot sized between 7,000 and 8,000 square feet.
  • 1031 exchange eligible.

Property Details for 428-438 Airport Blvd

Property type
Warehouses, Industrial properties
Square Feet
21,600 SF
Stories
1
Units
2

Location Insight

City
South San Francisco
County
San Mateo
State
California
Latitude
37.641572
Longitude
-122.4032011
428-438 Airport Blvd, South San Francisco, California

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428-438 Airport Blvd
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