268-270 Lawrence Ave
South San Francisco, CA 94080
268-270 Lawrence Avenue · Industrial Property For Sale

PROPERTY DETAILS: " ± 44,000 SF Total Building Size " ± 12,458 SF Office Total " ± 2.19 Acre Parcel " APN: 015-135-070 " Year of Construction: 1964 original construction, 1991 addition. Recent office renovations " Zoning: Mixed Industrial " Eight (8) Dock-high Doors " Two (2) Grade-level " Clear Height: Ranging from 16' - 21' 6 " Power: 400AMP/208/120V 3Phase 4W Capacity " Parking: 46 striped stalls Currently divided into two units: 268 LAWRENCE AVENUE " ± 36,542 SF Total " ± 5,000 SF Office " Eight (8) Dock-high Doors " One (1) Grade-level Door (Ramp) 270 LAWRENCE AVENUE " ± 7,458 SF Total " ± 4,258 SF Office " One (1) Grade-level Door CURRENT LEASE INFORMATION 268 LAWRENCE AVENUE " Tenant: California Sierra Express, Inc. " Size: ± 36,542 SF " Parking: 22 exclusive stalls 270 LAWRENCE AVENUE " Tenant: World Asia Logistics, Inc. " Size: ± 7,458 SF " Parking: 19 exclusive stalls Total combined 2017 Gross Rental Income of $479,984.34. Detailed lease information and financial analysis to be provided in the Offering Memorandum. EXECUTIVE SUMMARY: The subject property benefits from an excellent location in the prestigious East of #101 industrial area, very close to the San Francisco International Airport, a short drive to downtown San Francisco and only 30-40 minutes from Silicon Valley. The building is of concrete tilt-up construction with a large and attractive office build-out. The building also offers highly functional loading with eight (8) dock doors, two (2) drive-in doors and very good truck staging and parking. The asset benefits from ample vehicle parking, fire sprinklers, favorable warehouse clear height, clear-span primary warehouse area, an attractive façade/image and flexible Mixed-Industrial zoning. The zoning is critical in that it is one of the few remaining areas that allows for freight forwarding uses, thus providing additional value. Based on the overall attributes of the property, we consider this to be a Class A industrial asset within the South San Francisco/ North San Mateo County market . This is a very rare opportunity to acquire a prime asset in a diminishing industrial base market. The investment offers tremendous upside in rents and overall value.