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3440-3450 Pacheco Blvd 3440 Pacheco Blvd 29,400 SF 94% Leased Industrial Building Martinez, CA 94553 $7,576,800 CAD ($257.71 CAD/SF)
Investment Highlights
- 94% leased — twelve of thirteen suites let to six local operators
- In-place $0.99/SF/mo gross vs. $1.73 market — a 75% mark-to-market spread
- Thirteen suites of 1,500–2,400 SF — no single tenant carries the income
- Every lease expires by December 2027 — no escalations, pass-throughs or options
- 6.28% Year 1 cap · 8.91% Year 2 on a $5,500,000 basis
- 15'–17' clear, grade-level roll-up in every suite, fenced yard on both buildings
Executive Summary
3440 & 3450 Pacheco Blvd is a two-building, ±29,400 SF small-bay multi-tenant industrial project on ±1.95 acres in Martinez, at the center of the Contra Costa industrial corridor. The property is offered at $5,500,000, or $187 per square foot.
The project is demised into thirteen separately leasable units of 1,500 to 2,400 SF, plus one 8,080 SF office and warehouse suite. Building A (3440) is ±16,800 SF across five bays; Building B (3450) is ±12,600 SF across eight bays. Clear height runs 15' to 17'. Every suite has a grade-level roll-up door facing a shared drive aisle, and both buildings are served by fenced storage yards of ±3,500 and ±3,000 SF. Zoning is L-I, Light Industrial.
WHAT MAKES THIS DIFFERENT
Twelve of the thirteen suites are leased to six local operators, several in occupancy since 2017–2019. Suite B-8, 1,800 SF, is vacant and available for immediate occupancy.
Every lease in the project expires between now and December 2027. None carries a contractual rent escalation, a tax pass-through, or a renewal option, so rents are flat through term and reset entirely at rollover. Across the leased space, in-place rent averages $0.99/SF/month gross against a market of $1.73 — a 75% spread that a buyer captures on their own timeline rather than inheriting someone else's mid-term.
The going-in yield on the rent roll as it stands is 3.72%. Year 1 (2027), when five of the six leases reset and both available bays re-let, projects to 6.28%. Year 2, the first full year at market, projects to 8.91%. Full underwriting, assumptions and a five-year cash flow are available in the offering memorandum.
Small-bay product of this size is effectively no longer built in central Contra Costa. New construction chases large-format distribution, while the 1,500–2,400 SF bay with a roll-up door and yard access is held for decades and rarely trades. Bays that accommodate automotive and equipment-service users — drive-in access, floor drainage, adequate power, a municipal use permit — are scarcer still.
At $187/SF the offering is 69% of the $7,952,933 insured replacement cost of the two buildings, a basis that does not depend on any rent assumption.
The project is demised into thirteen separately leasable units of 1,500 to 2,400 SF, plus one 8,080 SF office and warehouse suite. Building A (3440) is ±16,800 SF across five bays; Building B (3450) is ±12,600 SF across eight bays. Clear height runs 15' to 17'. Every suite has a grade-level roll-up door facing a shared drive aisle, and both buildings are served by fenced storage yards of ±3,500 and ±3,000 SF. Zoning is L-I, Light Industrial.
WHAT MAKES THIS DIFFERENT
Twelve of the thirteen suites are leased to six local operators, several in occupancy since 2017–2019. Suite B-8, 1,800 SF, is vacant and available for immediate occupancy.
Every lease in the project expires between now and December 2027. None carries a contractual rent escalation, a tax pass-through, or a renewal option, so rents are flat through term and reset entirely at rollover. Across the leased space, in-place rent averages $0.99/SF/month gross against a market of $1.73 — a 75% spread that a buyer captures on their own timeline rather than inheriting someone else's mid-term.
The going-in yield on the rent roll as it stands is 3.72%. Year 1 (2027), when five of the six leases reset and both available bays re-let, projects to 6.28%. Year 2, the first full year at market, projects to 8.91%. Full underwriting, assumptions and a five-year cash flow are available in the offering memorandum.
Small-bay product of this size is effectively no longer built in central Contra Costa. New construction chases large-format distribution, while the 1,500–2,400 SF bay with a roll-up door and yard access is held for decades and rarely trades. Bays that accommodate automotive and equipment-service users — drive-in access, floor drainage, adequate power, a municipal use permit — are scarcer still.
At $187/SF the offering is 69% of the $7,952,933 insured replacement cost of the two buildings, a basis that does not depend on any rent assumption.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Crockett Electric Company
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Crockett Electric Company | Construction | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 377-190-009-3 | Improvements Assessment | $1,385,831 CAD |
| Land Assessment | $439,118 CAD | Total Assessment | $1,824,949 CAD |
Property Taxes
Parcel Number
377-190-009-3
Land Assessment
$439,118 CAD
Improvements Assessment
$1,385,831 CAD
Total Assessment
$1,824,949 CAD
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3440-3450 Pacheco Blvd | 3440 Pacheco Blvd
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