Office Building with Shared Conference
For Sale
Contact for pricing
24301 Southland Dr, Hayward, CA 94545
Available suites range from compact offices to larger workspaces, with complimentary parking for occupants.
Property Size136,080 SF
Price / SF$0.03
Days on Market2134
Property Features for 24301 Southland Dr
General Information
Standard status
Active
Size
136,080 SF
Property subtype
Comm Ind For Lease
Site & Location
Neighborhood
Longwood/Winton Grove
Additional Details
Property Use
Office
Amenities
common conference room
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
Michael Tanzillo R.E. Brkr
Listed By:
Paul Mader · License #00795784
(510) 206-3156
Source:
Jpnrealty
Added: Dec 28, 2020
Changed: Nov 1
Last Checked: Oct 31 at 10:09PM
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 Michael Tanzillo R.E. Brkr
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Investment Insights
Based on property information with market context.
This multi-tenant office building, constructed in 1969, offers suites ranging from 500 to 5,000 square feet. Occupants have access to a shared conference room and free parking.
The property provides access to the Peninsula. Available office configurations span a broad range of sizes within the building.
The property provides access to the Peninsula. Available office configurations span a broad range of sizes within the building.
Key Highlights
- Office suites range from 500 sf to 5,000 sf
- Shared conference room available to occupants
- Free parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,128,563
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,571,260
$42.6M
Cap Rate 7%
$30,408,043
$30.4M
Cap Rate 9%
$23,650,700
$23.7M
Market Conditions
NOI Build-Up for 136,080 SF
Gross rent
$3.59M $26.40/SF
− Vacancy
−$754.4K −$5.54/SF
EGI
$2.84M $20.86/SF
− OpEx
−$709.5K −$5.21/SF
NOI
$2.13M $15.64/SF
Area
Hayward, CA
Vacancy
21.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,571,260
Cap Rate 7%
$30,408,043
Cap Rate 9%
$23,650,700
Alternative Uses
Best Use
Office B
$30.41M
$26.61M – $35.48M
NOI $2,128,563 @ 7.0% cap · market cap 50,849.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$42.07M
$36.81M – $49.08M
NOI $2,944,553 @ 7.0% cap · market cap 70,342.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 94545, CA
33,786
Population
10,439
Households
3.2
Avg Household Size
39
Median Age
34%
College-Educated
84%
High-School Grad
14.5 sq mi
ZIP Area
2,330
Density / Sq Mi
$115,258
Median Household Income
$55,874
Median Earnings
$2,426
Median Rent
$838,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Available suites range from compact offices to larger workspaces, with complimentary parking for occupants.
Where is this office unit located?
The property is located at 24301 Southland Dr Hayward, CA.
What are key features of this property?
This property features: Office suites range from 500 sf to 5,000 sf; Shared conference room available to occupants; Free parking
