Office

Aurora Business Center

1515 Aurora Dr, San Leandro, CA 94577

Listing Price: $3,600,000

Cap Rate
6.22%
Gross SF
18,102
Rentable SF
10,676
Price/Gross SF
$198.87
Lot Size
1.87 acres
Year Built
1981

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 1515 Aurora Drive, also known as Aurora Business Center. Aurora Business Center is a multi-tenant office property located in San Leandro, California. The property is home to 64 current tenants in a 18,000 SF two story office property situated on 1.87 AC of land. Close proximity to the Oakland International Airport and the 880 freeway affords easy accessibility to the property for the tenants to commute. The small units and proximity to local businesses keep the building in high demand for businesses that need auxiliary office space in San Leandro. The ownership has kept month to month leases in place for flexibility and affords the new owner to access immediate upside. Low lot coverage in an industrial park also lends itself to the possibility of a covered land reposition and development down the line.

Investment Highlights

  • Multi-tenant configuration offers stability
  • Low lot coverage begs for future development
  • Separate office spaces allows for social distancing

Exclusively Listed By

Listing Price: $3,600,000

Cap Rate
6.22%
Gross SF
18,102
Rentable SF
10,676
Price/Gross SF
$198.87
Lot Size
1.87 acres
Year Built
1981

Investment Highlights

  • Multi-tenant configuration offers stability
  • Low lot coverage begs for future development
  • Separate office spaces allows for social distancing

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 1515 Aurora Drive, also known as Aurora Business Center. Aurora Business Center is a multi-tenant office property located in San Leandro, California. The property is home to 64 current tenants in a 18,000 SF two story office property situated on 1.87 AC of land. Close proximity to the Oakland International Airport and the 880 freeway affords easy accessibility to the property for the tenants to commute. The small units and proximity to local businesses keep the building in high demand for businesses that need auxiliary office space in San Leandro. The ownership has kept month to month leases in place for flexibility and affords the new owner to access immediate upside. Low lot coverage in an industrial park also lends itself to the possibility of a covered land reposition and development down the line.

Exclusively Listed By

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