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3440-3450 Pacheco Blvd 3440 Pacheco Blvd 29 400 pi² 94% Loué Industriel Immeuble Martinez, CA 94553 7 576 800 $ CAD (257,71 $ CAD/pi²)
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Principaux locataires
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Fin du bail
- Crockett Electric Company
- Construction
- -
- -
- -
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Fin du bail | ||
| Crockett Electric Company | Construction | - | - | - |
1 1
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 377-190-009-3 | Évaluation des bâtiments | 1 385 831 $ CAD |
| Évaluation du terrain | 439 118 $ CAD | Évaluation totale | 1 824 949 $ CAD |
Impôts fonciers
Numéro de lot
377-190-009-3
Évaluation du terrain
439 118 $ CAD
Évaluation des bâtiments
1 385 831 $ CAD
Évaluation totale
1 824 949 $ CAD
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3440-3450 Pacheco Blvd | 3440 Pacheco Blvd
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