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1369-1373 Lowrie Ave 33,634 SF 100% Leased Industrial Building South San Francisco, CA 94080 For Sale

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Investment Highlights

  • +/-33,000 SF Multi-Tenant Warehouse Facility
  • WALT Less than 2 Years
  • Heavy Power and Large Gas Lines
  • Occupied by Two Tenants with Below Market Rents
  • Rare USDA Approved Baking Facility
  • Close to San Francisco and SF International Airport

Executive Summary

Very rare value-add property for sale in South San Francisco. 20 ft. High Ceilings, Heavy Power, Sprinklers, Floor Drains and off-street parking are found in this building. Current tenants include an electrician and a USDA approved baking facility. Both Tenants are paying below market rate rents. Tenant leases terminate in August 2027 for both tenants. WALT is about 22 months and declining by the day. With a low vacancy rate, this is a great building and location available in a difficult market to enter.

Property Facts

Sale Type Investment NNN
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Food Processing
  • Industrial Manufacturing
Building Class C
Lot Size 1.00 AC
Rentable Building Area 33,634 SF
No. Stories 1
Year Built 1971
Parking Ratio 0.59/1,000 SF
Clear Ceiling Height 20’
No. Drive In / Grade-Level Doors 5
Zoning MH0M2, San Francisco - Light Manufacturing zoning allowing for multiple uses from distribution centers to baking and other light industrial uses.

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Property Taxes

Property Taxes

Parcel Number
015-115-430
Land Assessment
$5,261,721 CAD
Improvements Assessment
$2,041,576 CAD
Total Assessment
$7,303,297 CAD
  • Listing ID: 31662710

  • Date on Market: 2024-05-01

  • Last Updated:

  • Address: 1369-1373 Lowrie Ave, South San Francisco, CA 94080

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