For Sale
$8,750,000

5054 Peabody RdFairfield, CA 94533

45,350 SF Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Fairfield, CA industrial property presents a compelling value-add investment opportunity or owner-user scenario. The 45,350-square-foot warehouse, built in 1981, sits on a substantial 9.88-acre lot (430,372 square feet), offering significant future development potential under the Train Station Specific Plan Area 3 zoning. The property features five dock-high doors and seven grade-level doors, along with robust infrastructure including 1,600+ amps of 480V 3-phase power. Additional amenities include a truck wash, fueling station, and truck servicing bay. Currently vacant, this single-story building presents a blank canvas for various uses. Its strategic location between the Bay Area and Sacramento, coupled with proximity to Interstates 80 (4.3 miles) and 505 (7 miles), ensures excellent accessibility. The asking price is $8,750,000, representing a compelling $116.53 per square foot and a pro-forma cap rate of 10.27%, with a pro-forma NOI of $972,493. The land value alone is estimated at $9 per square foot. This fee-simple ownership opportunity offers substantial upside for both investors and owner-occupiers seeking a versatile industrial space with significant expansion potential. The property's features include a ceiling height of 18-20 feet and is classified as Class B with a NNN lease type. The APN is 0166-080-050.

Highlights

  • $8,750,000 asking price for a value-add industrial property with future redevelopment potential.
  • 45,350 square foot vacant warehouse on a 9.88-acre lot in Fairfield, CA.
  • Class B, NNN lease, 10.27% pro-forma cap rate, $116.53 price per square foot.
  • Features 5 dock-high doors, 18-20' ceiling height, 1,600+ amps of 480V 3-phase power, and ample truck amenities.
  • Located near I-80 and I-505, with zoning allowing for future development under the Train Station Specific Plan.

Property Details for 5054 Peabody Rd

Property type
Warehouses, Industrial properties
Square Feet
45,350 SF
Class
B
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
430,373 SF
Units
3

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.292643168916
Longitude
-121.96950183936
5054 Peabody Rd, Fairfield, California

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5054 Peabody Rd
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