749 Toland St
San Francisco, CA 94124 ·
448,000 SF · Industrial For Sale
LaSalle Industrial Park
|Price||N/A||Property Use Type||Investment|
|Building Size||448,000 SF||Tenancy||Multiple|
|Property Type||Industrial||Clear Ceiling Height||20 ft.|
|Property Sub-type||Industrial-Business Park||Lot Size||17.07 AC|
|Listing ID: 18582666||Date Created: 02/26/2014||Last Updated: 10/09/2014|
CBRE is exclusively offering for sale the opportunity to purchase LaSalle Industrial Park, a 448,000 square foot industrial multi-tenant property situated on ±17.07 acres in San Francisco. The Property is currently 96% leased to 23 tenants with near-term lease expirations.
Consisting of four 112,000 square foot industrial buildings that are situated on two rectangular 8.5 acre parcels, the property provides investors an extremely rare
redevelopment or build-to-suit opportunity in San Francisco. The San Francisco
warehouse market, consisting of 71 million SF, is an extremely tight market with a current vacancy factor of 5.5%. With only two true Class A industrial buildings in this submarket totaling approximately 243,909 square feet, LaSalle Industrial Park provides investors/developers a unique opportunity to deliver state-of-the-art, Class A industrial product in a market that is dominated by Class B & C product. The scarcity of existing product and large parcels suitable for development will continue to drive rents, especially for new Class A industrial product.
The Property is strategically located in a prime infill location in San Francisco' s
industrial submarket with direct access to both Highway 101 and Interstate 280.
The property is centrally located approximately 12 minutes north of San Francisco International Airport and ten minutes south of the CBD. The Property is located 20 minutes west of the Port of Oakland.
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