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2975-2999 Spring St 34,300 SF 100% Leased Industrial Building Redwood City, CA 94063 For Sale
INVESTMENT HIGHLIGHTS
- CALL FOR OFFERS on 09/24/2025
- Immediate mark to market opportunity with rents 61% below market and the majority of leases are month-to-month.
- No comparable industrial/flex asset of this scale has traded in this area of Redwood City since 2017. No new industrial development in the pipeline.
- The portfolio is 100% leased to a diverse set of 16 tenants. Each unit features its own grade-level door(s) and private bathroom(s).
- This offering represents a rare chance to acquire significant industrial scale in a highly constrained market.
- Stanford continues to redevelop existing sites and grow its footprint.
EXECUTIVE SUMMARY
CBRE is pleased to present a ±61,200 SF multi-tenant industrial portfolio in Redwood City. The portfolio is comprised of 4 buildings on 3 parcels totaling 2.58 acres. The properties are offered either individually or collectively as a portfolio. 837 2nd Ave | 2975-2999 Spring St | 3005 Spring St | 831 Sweeney Avenue. This parcel includes 2975-2999 Spring Street and 837 2nd Avenue.
Set in the heart of Redwood City, this multi-tenant industrial portfolio offers a strategic location just moments from the Stanford Redwood City campus. The portfolio offers highly functional, flexible industrial spaces positioned to capture strong tenant demand in one of the Bay Area’s most supply-constrained submarkets. Tenants benefit from immediate access to major transportation corridors, including U.S. 101, supporting efficient connections throughout the Peninsula and the broader Bay Area.
CALL FOR OFFERS on 9/24.
Set in the heart of Redwood City, this multi-tenant industrial portfolio offers a strategic location just moments from the Stanford Redwood City campus. The portfolio offers highly functional, flexible industrial spaces positioned to capture strong tenant demand in one of the Bay Area’s most supply-constrained submarkets. Tenants benefit from immediate access to major transportation corridors, including U.S. 101, supporting efficient connections throughout the Peninsula and the broader Bay Area.
CALL FOR OFFERS on 9/24.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1969 |
| Property Subtype | Warehouse | Parking Ratio | 1.22/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’11” |
| Lot Size | 1.54 AC | No. Drive In / Grade-Level Doors | 12 |
| Rentable Building Area | 34,300 SF | Opportunity Zone |
Yes
|
| Zoning | M10000 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.54 AC |
| Rentable Building Area | 34,300 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.22/1,000 SF |
| Clear Ceiling Height | 18’11” |
| No. Drive In / Grade-Level Doors | 12 |
| Opportunity Zone |
Yes |
| Zoning | M10000 |
AMENITIES
- Signage
UTILITIES
- Water - City
- Sewer - City
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 054-172-150 | Improvements Assessment | $865,932 |
| Land Assessment | $246,162 | Total Assessment | $1,112,094 |
PROPERTY TAXES
Parcel Number
054-172-150
Land Assessment
$246,162
Improvements Assessment
$865,932
Total Assessment
$1,112,094
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2975-2999 Spring St
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