Single-Tenant Industrial Manufacturing
37620 Filbert St Newark, CA 94560
For Sale
Contact for pricing
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 Market1095
Property Features for 37620 Filbert St
General Information
Standard status
Active
Size
42,677 SF
Lot size
2.20 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Oakland
(510) 219-7854
Listed By:
Mark Maguire
(510) 219-7854
Source:
Moodyscre
Added: Aug 1, 2023
Changed: Jul 30
Last Checked: Jul 30 at 3:37AM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $768.2k | $18.00 |
| − Vacancy | −$38.4k | −$0.90 |
| EGI | $729.8k | $17.10 |
| − OpEx | −$218.9k | −$5.13 |
| NOI | $510.8k | $11.97 |
42,677 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
