Research and Development
2280 Bates Ave
2280 Bates Ave, Concord, CA 94520
Listing Price: $5,500,000
Investment Overview
2280 Bares Avenue is an excellent, multi-tenant industrial property with steady cash flow and a diverse tenant mix. Sitting in the Mason Industrial Park right off the I-680 and Port Chicago Highway interchange, 2280 Bates is in the heart of the Concord/Walnut Creek industrial submarket. This submarket has seen very low vacancy for industrial/flex product with a vacancy rate of 3.9% in Q3 of 2024 showing sustained demand for industrial/flex spaces.
Concord also has stood out as a significant job center within Contra Costa County and has been ranked as the second fastest rising income region in the U.S., reflecting its economic vitality.
2280 Bates Ave
Investment Highlights
- Property is minutes from Port Chicago Highway and I-680, allowing prospective tenants or users immediate access to the East Bay are or North Bay markets.
- In place 5.35% cap rate with a Pro-Forma Cap Rate of 9.49% in Year 2 of hold.
- 72% occupied with a very diverse mix of tenants such as Granite Rock, which currently is leasing a yard space down the street and has deep roots in the Bay Area industrial market.
Exclusively Listed By
Listing Price: $5,500,000
Investment Highlights
- Property is minutes from Port Chicago Highway and I-680, allowing prospective tenants or users immediate access to the East Bay are or North Bay markets.
- In place 5.35% cap rate with a Pro-Forma Cap Rate of 9.49% in Year 2 of hold.
- 72% occupied with a very diverse mix of tenants such as Granite Rock, which currently is leasing a yard space down the street and has deep roots in the Bay Area industrial market.
Investment Overview
2280 Bares Avenue is an excellent, multi-tenant industrial property with steady cash flow and a diverse tenant mix. Sitting in the Mason Industrial Park right off the I-680 and Port Chicago Highway interchange, 2280 Bates is in the heart of the Concord/Walnut Creek industrial submarket. This submarket has seen very low vacancy for industrial/flex product with a vacancy rate of 3.9% in Q3 of 2024 showing sustained demand for industrial/flex spaces. Concord also has stood out as a significant job center within Contra Costa County and has been ranked as the second fastest rising income region in the U.S., reflecting its economic vitality.
Exclusively Listed By
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