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Warehouse

330-350 & 360 State Street

330-350, 360 State Street, Fairfield, CA 94533

Listing Price: $2,050,000

Cap Rate
5.07%
Lot Size
1.01 acres
Year Built
1981
Rentable SF
16,768

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 330-350 & 360 State St, two multi-tenant industrial warehouses on two separate parcels in downtown Fairfield, California. 330-350 State St. is a 10,800 square foot warehouse on a 29,185 square foot parcel, and 360 State St. is a 5,942 square foot warehouse on a 14,735 square foot parcel. The properties are adjacent and provide 30+ parking spaces between the two lots. 330-350 features 13 roll-up doors in the front and back of the seven units. 360 features five roll-up doors in the front and on both sides of the building. Long-term tenants occupy both properties with below-market month-to-month Industrial Gross leases. The properties can also serve as a prime location for an owner-user due to their proximity to downtown Fairfield and the month-to-month lease structure. The properties are to be sold together.

Investment Highlights

  • 18 roll-up doors between both properties
  • 16-18' clear height
  • Long-term tenants on Industrial Gross leases
  • Upside for an investor
  • Owner-user potential due to month to month lease structure
  • Prime location near the heart of downtown

Exclusively Listed By

Warehouse

330-350 & 360 State Street

Listing Price: $2,050,000

Cap Rate
5.07%
Lot Size
1.01 acres
Year Built
1981
Rentable SF
16,768

Investment Highlights

  • 18 roll-up doors between both properties
  • 16-18' clear height
  • Long-term tenants on Industrial Gross leases
  • Upside for an investor
  • Owner-user potential due to month to month lease structure
  • Prime location near the heart of downtown

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 330-350 & 360 State St, two multi-tenant industrial warehouses on two separate parcels in downtown Fairfield, California. 330-350 State St. is a 10,800 square foot warehouse on a 29,185 square foot parcel, and 360 State St. is a 5,942 square foot warehouse on a 14,735 square foot parcel. The properties are adjacent and provide 30+ parking spaces between the two lots. 330-350 features 13 roll-up doors in the front and back of the seven units. 360 features five roll-up doors in the front and on both sides of the building. Long-term tenants occupy both properties with below-market month-to-month Industrial Gross leases. The properties can also serve as a prime location for an owner-user due to their proximity to downtown Fairfield and the month-to-month lease structure. The properties are to be sold together.

Exclusively Listed By

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