Value-add or Owner/User Industrial Bldgs 1725 Mission Rd 11,000 SF 100% Leased Industrial Building Colma, CA 94014 $2,875,000 ($261.36/SF)

Marcus & Millichap is pleased to present the opportunity to acquire 1725-1733 Mission Road in Colma, California. The property is two adjacent industrial buildings that total approximately 11,000 square feet and are situated on a 0.76- acre site. The buildings were built in 1958 and the zoning designation is Commercial. There are 31 on-site parking spaces for a parking ratio of 2.82 per 1,000 SF.
1725-1727 Mission Road measures approximately 6,000 square feet and is configured with two tenant suites, each of which measures about 3,000 square feet. The building has five 9-ft X 12-ft roll-up doors and one 12-ft X 13-ft roll-up door. Minimum clear height is approximately 12 feet. 1733 Mission Road measures approximately 5,000 square feet and is occupied by a single tenant. The building has two 16-ft X 11-ft roll-up doors, and the minimum clear height is approximately 12 feet.
The property appeals to both investors and users alike. All three tenants occupy the property on a month-to-month basis at below market contract rents. This provides an opportunity for a user to occupy the space, or for an investor to move rents up to market. Colma’s unique landscape, characterized by its numerous cemeteries, imposes significant restrictions on development, rendering available industrial and commercial space scarce. This scarcity elevates the value of properties similar to the subject, as they represent rare opportunities within a limited market.
1725-1733 Mission Road is minutes from the Serramonte Shopping Mall and major retailers, including Target and Kohls. Directly adjacent to the Serramonte Shopping Mall are an array of car dealerships, including Chevrolet, Subaru, Kia, Cadillac, Honda, Ford and Lexus. These properties further increase traffic and potential business within the area. Directly across the property on Mission Road is the Colma Veterans Village Apartment Complex, other service businesses, and the Holy Cross cemetery.