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490 Watt Dr 71,940 SF 100% Leased Industrial Building Fairfield, CA 94534 $9,000,000 ($125.10/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- ONLY $123 PER SQUARE FOOT | 6.67% CAP RATE YEAR 1
- DESIRABLE LOCATION AT THE CONFLUENCE OF I-80, I-680, AND HIGHWAY 12
- BRAND NEW ROOF (2025) | 2500 AMPS POWER
- FULLY LEASED SINGLE-TENANT INVESTMENT OPPORTUNITY
- LEASED TO LONG-TERM TENANT AT BELOW-MARKET RENTS
- DIVISIBLE TO THREE UNITS FOR FUTURE FLEXIBILITY
EXECUTIVE SUMMARY
Marcus & Millichap has been selected to exclusively market for sale 490 Watt Drive in Fairfield, CA. This well-located investment property has been leased to Perfect Delivery Logistics Services for many years, and the tenant recently signed a new seven-year lease.
The property consists of a concrete tilt-up industrial warehouse totaling approximately 72,929 square feet on a ±4.45-Acre lot. The property has 2,500 Amps of power, 18’ minimum clear heights, and seven dock positions, allowing for a wide range of potential tenants. At only $123 per square foot, investors can expect significant upside in equity as the lease rolls over in 2033 to a Fair Market Value adjustment.
The property’s irreplaceable location at the junction of I-80, I-680, and Hwy-12 provides tenants ease of access to Napa, San Francisco, and Sacramento and offers tenants an affordable alternative to industrial space in Napa County, San Francisco, and the East Bay. Located west of the I-80 truck scales, logistics companies delivering to Napa and the Bay Area minimize windshield time for drivers and avoid DOT inspections on their route.
This offering represents an opportunity to acquire a high-quality concrete-tilt building with a stable, long-term tenant in an excellent location, all substantially below replacement cost.
The adjacent property, 440 Watt Drive, is also for sale for $5,000,000, only $110 per square foot (contact Broker for details).
The property consists of a concrete tilt-up industrial warehouse totaling approximately 72,929 square feet on a ±4.45-Acre lot. The property has 2,500 Amps of power, 18’ minimum clear heights, and seven dock positions, allowing for a wide range of potential tenants. At only $123 per square foot, investors can expect significant upside in equity as the lease rolls over in 2033 to a Fair Market Value adjustment.
The property’s irreplaceable location at the junction of I-80, I-680, and Hwy-12 provides tenants ease of access to Napa, San Francisco, and Sacramento and offers tenants an affordable alternative to industrial space in Napa County, San Francisco, and the East Bay. Located west of the I-80 truck scales, logistics companies delivering to Napa and the Bay Area minimize windshield time for drivers and avoid DOT inspections on their route.
This offering represents an opportunity to acquire a high-quality concrete-tilt building with a stable, long-term tenant in an excellent location, all substantially below replacement cost.
The adjacent property, 440 Watt Drive, is also for sale for $5,000,000, only $110 per square foot (contact Broker for details).
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,000,000 | Lot Size | 4.45 AC |
| Price Per SF | $125.10 | Rentable Building Area | 71,940 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.67% | Year Built | 1984 |
| Property Type | Industrial | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 7 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Limited Industrial (IL) - Typical uses include assembly and fabrication industries, warehousing, distribution centers, administrative offices, and business support services. | ||
| Price | $9,000,000 |
| Price Per SF | $125.10 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.45 AC |
| Rentable Building Area | 71,940 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.63/1,000 SF |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Limited Industrial (IL) - Typical uses include assembly and fabrication industries, warehousing, distribution centers, administrative offices, and business support services. |
AMENITIES
- Mezzanine
- Signage
- Skylights
- Yard
UTILITIES
- Lighting
- Water
- Sewer
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Perfect Delivery Logistic Services
- Transportation and Warehousing
- -
- -
-
Jan 0000
Local trucking company located in Fairfield, California and established in 2010.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Perfect Delivery Logistic Services | Transportation and Warehousing | - | - | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 0180-140-140 | Total Assessment | $2,080,446 (2025) |
| Land Assessment | $670,940 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,409,506 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0180-140-140
Land Assessment
$670,940 (2025)
Improvements Assessment
$1,409,506 (2025)
Total Assessment
$2,080,446 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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490 Watt Dr
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