641 Juliga Woods St 4,000 SF 100% Leased Industrial Building Richmond, CA 94804 $830,000 ($207.50/SF)

641 Juliga Woods Street in Richmond presents a compelling opportunity for an owner-user or investor to acquire a well-located small-bay industrial building with the ability to offset occupancy costs through rental income. The property is configured as a four-unit flex industrial building with approximately 12-foot clear heights and four roll-up doors, providing efficient functionality for a wide range of industrial users including contractors, service businesses, light manufacturing, and distribution operations. Constructed of durable concrete masonry, the building also features a small fenced yard area and ample street parking, adding operational flexibility for tenants or an owner-occupant. The property is strategically positioned just 0.2 miles from Interstate 580 and approximately 1.2 miles from Interstate 80, providing convenient regional access throughout the East Bay and the broader Bay Area logistics network.
The building is offered well below replacement cost for comparable industrial construction in the Bay Area. Comparable small-bay industrial properties in the immediate vicinity indicate pro-forma rents of roughly $1.90 per square foot, allowing an owner-user to occupy a portion of the property while leasing the remaining suites to generate income and reduce occupancy costs. Industrial market fundamentals in Richmond remain strong, with vacancy for comparable small-bay industrial properties reported at 3.0% as of Q4 2025. Demand for these properties continues to be supported by a structural shortage of supply, as new small-bay industrial development remains limited due to high land prices, construction costs, and entitlement barriers throughout the Bay Area. As a result, existing small-bay industrial assets—particularly those suitable for owner-operators—remain scarce and highly sought after, supporting stable occupancy and long-term rental growth potential.