2025-2027 Newcomb Ave
42,497 SF | 29% Leased | Industrial Building | San Francisco, CA 94124 | $10,700,000 ($252/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,700,000
- Property Type
-
Industrial
- Price / Square Foot
- $252
Listing Contacts
Seth McKinnon
Verified Profile
Mark Geisreiter
Verified Profile
- Property Info
Property Overview
Newmark, as exclusive advisor, is pleased to extend to qualified investors the opportunity to acquire the 100% fee-simple interest in 2025-2027 Newcomb Avenue (the “Property”), a 42,497 SF warehouse property in the heart of San Francisco’s industrial market. 2025-2027 Newcomb Avenue is 30,082 rentable square feet and will be delivered vacant, providing investors the opportunity to immediately increase cash flow by leasing the vacancy or for owner-users to acquire an extremely functional warehouse building in a prime location. 2025-2027 Newcomb Avenue is leased to the City of San Francisco as a materials testing lab, providing investors with a secure income stream and a high likelihood of a lease renewal due to the City’s specialized improvements.
The Property faces three streets, Oakdale, Rankin, and Newcomb, with 4 dock-high and 2 grade-level doors. The 30,082 SF available space is highly functional and can be leased to a single tenant or demised.
The Property is well-positioned in the India Basin submarket, the heart of San Francisco’s thriving 12.8 MM SF industrial market. With easy access to Highway 101 and 280 on-ramps and off-ramps, this Property offers exceptional connectivity to key areas, including Downtown San Francisco, SFO (San Francisco International Airport), and Silicone Valley. Additionally, its proximity to approximately 1.3 million consumers within a 10-mile radius presents a substantial customer base.
The India Basin submarket is one of the tightest industrial markets in the nation. As of Q4, 2023, the vacancy rate stood at 4.3%. Since 2016, the submarket has demonstrated steady rent growth, averaging 6.7% annually. Additionally, the market has attracted an expanding roster of technology-focused industrial users, further fueling rent growth and declines in vacancy.
*** For more information, visit our website: https://www.nmrk.com/westernregioninvestmentsales?propertyId=2025-2027-newcomb-avenue-san-francisco-sale ***
The Property faces three streets, Oakdale, Rankin, and Newcomb, with 4 dock-high and 2 grade-level doors. The 30,082 SF available space is highly functional and can be leased to a single tenant or demised.
The Property is well-positioned in the India Basin submarket, the heart of San Francisco’s thriving 12.8 MM SF industrial market. With easy access to Highway 101 and 280 on-ramps and off-ramps, this Property offers exceptional connectivity to key areas, including Downtown San Francisco, SFO (San Francisco International Airport), and Silicone Valley. Additionally, its proximity to approximately 1.3 million consumers within a 10-mile radius presents a substantial customer base.
The India Basin submarket is one of the tightest industrial markets in the nation. As of Q4, 2023, the vacancy rate stood at 4.3%. Since 2016, the submarket has demonstrated steady rent growth, averaging 6.7% annually. Additionally, the market has attracted an expanding roster of technology-focused industrial users, further fueling rent growth and declines in vacancy.
*** For more information, visit our website: https://www.nmrk.com/westernregioninvestmentsales?propertyId=2025-2027-newcomb-avenue-san-francisco-sale ***
Property Details
- Class
- C
- Year Built
- 1965
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 44,867 SF
Highlights
- 25% of the project is leased to the City of San Francisco at rents that are significantly below market. The Moody’s rating for the City of San Francis
- Rare value-add industrial opportunity in San Francisco’s core industrial submarket
- Power upgrade fully approved and permitted: Power capacity can be increased to 2,500 amps
- Highly functional space with 4 dock-high and 2 grade-level doors
- One of the tightest industrial markets in the country with Q4 2023 vacancy at 4.3% and 6.7% average annual rent growth since 2016
- Superb Location with immediate access to Interstate 280 and Highway 101 and 1.3M consumers within 10 miles and 3.5M within 25 miles
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