Single-Tenant Industrial Manufacturing
For Sale
Contact for pricing
37620 Filbert St, Newark, CA 94560
42,677 SF industrial manufacturing facility with flexible office space, a functional rear yard, and a fully sprinklered interior.
Property Size42,677 SF
Lot Size2.20 Acres
Price / SF$235
Days on Market1189
Property Features for 37620 Filbert St
General Information
Standard status
Active
Size
42,677 SF
Lot size
2.20 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Power
2,000 amps
Voltage
480 V
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
42,677 SF
Tenancy
Single
Listing Agency:
Colliers | Oakland
(510) 986-6770
Listed By:
Mark Maguire · License #01190597
(510) 219-7854
Source:
Moodyscre
Added: Aug 1, 2023
Changed: Oct 26
Last Checked: Nov 1 at 8:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Oakland
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Investment Insights
Based on property information with market context.
37620 Filbert Street is a 42,677 SF, single-tenant industrial manufacturing facility currently available for acquisition. The property includes flexible office configurations, a functional rear yard, ample parking, and a fully sprinklered interior. Clear height is listed at 20’ to 22’, supporting a range of industrial uses.
The facility is set on a 2.2-acre site with 44.9% coverage. Heavy power is listed at 2,000 amps / 277/480V, which can support electrically intensive manufacturing and warehouse operations. Access is described as tied to major regional corridors, including Interstate 880 and State Route 84.
The property is currently vacant and is positioned for refurbishment to attract quality tenants. With the stated barriers to entry in the City of Newark, the offering highlights the utility of a functional, well-equipped industrial asset in a supply-constrained East Bay market.
The facility is set on a 2.2-acre site with 44.9% coverage. Heavy power is listed at 2,000 amps / 277/480V, which can support electrically intensive manufacturing and warehouse operations. Access is described as tied to major regional corridors, including Interstate 880 and State Route 84.
The property is currently vacant and is positioned for refurbishment to attract quality tenants. With the stated barriers to entry in the City of Newark, the offering highlights the utility of a functional, well-equipped industrial asset in a supply-constrained East Bay market.
Key Highlights
- 42,677 SF single‑tenant industrial manufacturing facility
- 2.2‑acre site with 44.9% coverage
- Fully sprinklered interior with 20’ to 22’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$510,844
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,216,880
$10.2M
Cap Rate 7%
$7,297,771
$7.3M
Cap Rate 9%
$5,676,044
$5.7M
Market Conditions
NOI Build-Up for 42,677 SF
Gross rent
$768.2K $18.00/SF
− Vacancy
−$38.4K −$0.90/SF
EGI
$729.8K $17.10/SF
− OpEx
−$218.9K −$5.13/SF
NOI
$510.8K $11.97/SF
Area
Alameda County, CA
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,216,880
Cap Rate 7%
$7,297,771
Cap Rate 9%
$5,676,044
Alternative Uses
Best Use
Industrial
$7.30M
$6.39M – $8.51M
NOI $510,844 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$194.56M
$170.24M – $226.99M
NOI $13,619,362 @ 7.0% cap · market cap 135.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Single-tenant
Tenancy
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 42,677 SF industrial manufacturing facility with flexible office space, a functional rear yard, and a fully sprinklered interior.
Where is this manufacturing property located?
The property is located at 37620 Filbert St Newark, CA.
What is the asking price?
The asking price for this property is $10,029,095.
What are key features of this property?
This property features: 42,677 SF single‑tenant industrial manufacturing facility; 2.2‑acre site with 44.9% coverage; Fully sprinklered interior with 20’ to 22’ clear height
