Research and Development

3420 Fostoria Way

3420 Fostoria Way, Danville, CA 94526

Listing Price: $6,350,000

Cap Rate
4.32%
Gross SF
31,440
Price/Gross SF
$201.97
Lot Size
1.75 acres
Year Built
1985
Rentable SF
31,440

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3420 Fostoria Way, located in Danville, CA. 3420 Fostoria Way is an excellent office/ light manufacturing building very well located on the Danville/San Ramon border. Built in 1985, the property is 31,440 rentable square feet, sits on approximately 1.75 acres and is very well-parked. The property offers two very unique investment opportunities. At 74.3% leased, an investor potentially can achieve a stabilized cap rate of 6.77% in the 2nd or 3rd year of holding the asset by leasing the vacant office space. A second option for an investor is to convert the office portion of the building to additional flex/manufacturing space, which is currently desired in coastal markets across the country. Vacancy rates for this product in San Ramon are historically low. The Tri-Valley market, which competes with this asset, also has a limited supply of industrial and flex space and this trend is matched in other parts of the Bay Area.

Transitioning to a user discussion, a user has the ability to own and operate their business out of the second floor space.

Investment Highlights

  • Rare opportunity to invest in a value-add office/light manufacturing asset.
  • Diverse, strong quality of tenancy.
  • 1.6 miles away from Bishop Ranch via Camina Ramon.

Exclusively Listed By

Research and Development

3420 Fostoria Way

Listing Price: $6,350,000

Cap Rate
4.32%
Gross SF
31,440
Price/Gross SF
$201.97
Lot Size
1.75 acres
Year Built
1985
Rentable SF
31,440

Investment Highlights

  • Rare opportunity to invest in a value-add office/light manufacturing asset.
  • Diverse, strong quality of tenancy.
  • 1.6 miles away from Bishop Ranch via Camina Ramon.

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3420 Fostoria Way, located in Danville, CA. 3420 Fostoria Way is an excellent office/ light manufacturing building very well located on the Danville/San Ramon border. Built in 1985, the property is 31,440 rentable square feet, sits on approximately 1.75 acres and is very well-parked. The property offers two very unique investment opportunities. At 74.3% leased, an investor potentially can achieve a stabilized cap rate of 6.77% in the 2nd or 3rd year of holding the asset by leasing the vacant office space. A second option for an investor is to convert the office portion of the building to additional flex/manufacturing space, which is currently desired in coastal markets across the country. Vacancy rates for this product in San Ramon are historically low. The Tri-Valley market, which competes with this asset, also has a limited supply of industrial and flex space and this trend is matched in other parts of the Bay Area.

Transitioning to a user discussion, a user has the ability to own and operate their business out of the second floor space.

Exclusively Listed By

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