500 Boulder CtPleasanton, CA 94566

This exceptional investment opportunity presents a ±17,793 square foot single-tenant industrial building in the highly desirable Pleasanton, California market. The property, built in 2001, features a two-story design situated on a 1.97-acre lot. The building boasts a functional layout with approximately 45% office space and 55% warehouse space, ideal for a variety of industrial uses. Key features include 24-foot clear ceiling heights, four grade-level dock-high doors, and ample parking with a 2.0 spaces per 1,000 square feet ratio. The property is currently under a Net Lease (NNN) agreement with a single tenant, commencing December 14, 2015, and expiring December 13, 2029, offering a remaining lease term of approximately six years with a five-year renewal option. The lease includes annual rent increases of 3% annually, escalating to 4% annually starting December 2025. The property's strong financial performance is reflected in its current Pro-Forma NOI of $378,666 and a 5.30% cap rate. Located in Alameda County, the property benefits from its strategic location near the intersection of I-580 and I-680, providing easy access to major business centers in Silicon Valley, San Francisco, and the Central Valley. The surrounding area boasts a robust population of 182,418 within a five-mile radius, supporting a strong tenant base and potential for future growth. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a strong tenant and significant remaining lease term. The asking price is $7,140,000, translating to a price per square foot of $401.28.