37580 Filbert St | Newark, CA 94560
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- LoopNet Team
37580 Filbert St
Newark, CA 94560
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Low Basis - At an asking price of $14.5M, basis is 50% of market
- Huge Upside - In-place rents are less than 50% of market, offering investors significant upside.
- Modern, High Quality Asset - Highly functional building with 34'-40' clear heights, 2 dock high doors, and 5 grade level doors. Modern construction, b
- Strong Credit - 100% Absolute NNN leased to a national tenant with over 35,000 customers proving a secure income stream to investors.
- Proven Market Fundamentals - 14% average annual rent growth since 2015 and low 4.0% vacancy in Fremont/Newark.
- Superb location – Easy access to the Silicon Valley, Port of Oakland, Oakland Airport, SFO, and 2.1M consumers within 15 miles.
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 2002/2012 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.12/1,000 SF |
| Lot Size | 4.67 AC | Clear Ceiling Height | 40’ |
| Rentable Building Area | 84,482 SF | No. Dock-High Doors/Loading | 2 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 5 |
| Zoning | MG | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.67 AC |
| Rentable Building Area | 84,482 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2002/2012 |
| Tenancy | Single |
| Parking Ratio | 0.12/1,000 SF |
| Clear Ceiling Height | 40’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | MG |
PROPERTY TAXES
| Parcel Number | 092-0155-016-00 | Improvements Assessment | $14,382,000 |
| Land Assessment | $14,484,000 | Total Assessment | $28,866,000 |
PROPERTY TAXES
Parcel Number
092-0155-016-00
Land Assessment
$14,484,000
Improvements Assessment
$14,382,000
Total Assessment
$28,866,000
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