5044 Peabody Rd | Fairfield, CA 94533
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- LoopNet Team
5044 Peabody Rd
Fairfield, CA 94533
Sun-Ray Storage · Land For Sale
·
9.75 AC
INVESTMENT HIGHLIGHTS
- Mixed-Use opportunity with combination of industrial outdoor storage yard income and boat/RV storage income
- 9.75 Acres – 5.0 acres operated as Sun-Ray RV & Boat Storage; 4.75 acres leased to 3 tenants
- Total T-12 Gross Income of $541,000
- Future redevelopment opportunity as residential (proximity to Fairfield-Vacaville Amtrak Station)
- RV & Boat Storage 96% occupied as of May 2024 ($29,000/month gross effective rents)
- In-Place Net Operating Income of $450,000+
PROPERTY FACTS
DESCRIPTION
• Combination Industrial Outdoor Storage and RV & Boat Storage yard • 9.75 combined acres • Long-term residential redevelopment in the Fairfield Vacaville Amtrak Train Station area • Upside through rental rate management - RV & Boat rents well below market • In-Place CAP rate of 7.5%, proforma CAP rate of 9% ++ • 24 Hour Digital Security Video/Secure Digital Access
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $60,000 | |
| Land Assessment | $2,651,957 | Total Assessment | $2,711,957 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,651,957
Improvements Assessment
$60,000
Total Assessment
$2,711,957
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