For Sale
$3,400,000

1069 Shary Cir Concord, CA 94518

High-NOI Warehouse, Multi-Tenant, Short-Term Leases

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A industrial warehouse, located at 1069 Shary Cir, Concord, CA 94518, presents a compelling investment opportunity. The 11,520 square foot building, constructed in 1969, boasts a desirable central Concord location within Contra Costa County. Currently operating as a multi-tenant property, the warehouse features four grade-level loading docks, a 20-foot clear ceiling height, and is suitable for front-loader access. The property's current Net Operating Income (NOI) stands at $104,239, with a pro-forma NOI projected at $203,112, reflecting significant upside potential. This potential stems from existing tenants currently operating under short-term leases below market rates, offering immediate opportunities for rental increases and improved profitability. The gross lease structure simplifies management, while the light industrial nature of the building caters to a wide range of potential tenants. This is a rare chance to acquire a well-located, multi-tenant warehouse with substantial value-add potential in a thriving California market. The asking price is $3,400,000.

Highlights

  • Small bay industrial building.
  • Four grade-level roll-up doors.
  • Front-loading design.
  • Twenty-foot clear height.
  • Below-market, short-term leases in place.
  • Centrally located in Concord.

Property Details for 1069 Shary Cir

Property type
Warehouses, Industrial properties
Square Feet
11,520 SF
Class
A
Year Built
1969

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
37.9550804
Longitude
-122.0325716

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FAQs

What type of property is this?
Warehouse - High-NOI Warehouse, Multi-Tenant, Short-Term Leases
Where is the warehouse located?
The property is located at 1069 Shary Cir Concord, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Small bay industrial building.; Four grade-level roll-up doors.; Front-loading design.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Eric Rehn
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Shary Cir
Concord, CA 94518

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Shary Cir
Concord, CA 94518

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1069 Shary Cir
  • Eric Rehn
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