2127 Middlefield RdRedwood City, CA 94063

Exceptional owner-user opportunity in Redwood City, CA. This 2,290 square foot Class C warehouse, built in 1981, is ideally located across from Costco, offering excellent visibility and accessibility. The property features 18+ foot ceilings, three roll-up doors, two large offices, and three bathrooms. A fenced area provides parking for 4-6 vehicles. The building boasts a spray booth and has permitted uses beyond automotive, making it versatile for various businesses. Currently, a tenant occupies part of the space on a month-to-month lease, with rent recently increased by $100 per month after approximately seven years of occupancy. The owner, a retired licensed contractor, originally constructed the building for his own use as a custom cabinet shop. The asking price is $1,995,000, representing a 5.00% cap rate and $871.18 per square foot. The property is offered net lease and is single-tenant occupied. A portion of the warehouse space is currently owner-occupied and could generate additional income through rental. Showings are by appointment only.