2015 W 140th Ave 21,870 SF Industrial Building San Leandro, CA 94577 $7,595,000 ($347.28/SF) 5% Cap Rate

This rare industrial yard property in San Leandro offers a unique opportunity for investors or owner-users seeking a well-located asset in the East Bay market. The property spans approximately 21,870 square feet on a 1.22-acre lot, providing a large paved and fenced yard ideal for logistics, storage, or fleet operations. Currently leased to NorthStar Moving Company under a 10-year NNN lease, the asset delivers stable income with a 5.00% cap rate, making it an attractive investment for those seeking long-term security.
The building features masonry construction, three dock positions, three grade-level doors, and a clear height of 20 to 22 feet, supporting a wide range of industrial uses. With 600 amps of three-phase power and approximately 1,000 square feet of office space, the property is well-equipped for operational efficiency. Its cul-de-sac location enhances privacy and maneuverability for trucks and equipment.
Strategically positioned just 1.5 miles from the I-880 Freeway, the site offers excellent connectivity to the Port of Oakland (10.5 miles), Oakland International Airport (4.8 miles), and San Francisco International Airport (39.5 miles). This accessibility, combined with the property’s functional design and strong tenant, underscores its value as a secure, income-producing asset in a high-demand industrial corridor.