1069 Shary CirConcord, CA 94518

Property Details for 1069 Shary Cir

Year built

1969

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

11,520 SF

Zone code

PI

Property type

Industrial properties

APN

129-342-008-7

APU

1293420087

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,574,668

  Hospitality

  $4,190,371

  Educational

  $3,486,340

  Medical

  $3,606,240

  Retail

  $5,423,195

Location Insight

City

Concord

County

Contra Costa

State

California

Latitude

37.955

Longitude

-122.033

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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