San Leandro Freestanding
2015 W Ave 140th San Leandro, CA
For Sale
Contact for pricing
Freestanding warehouse with fenced parking, yard, and convenient freeway access.
Property Size21,870 SF
Lot Size1.22 Acres
Price / SF$347.28
Days on Market465
Property Features for 2015 W Ave 140th
General Information
- Standard status
- Active
- Size
- 21,870 SF
- Lot size
- 1.22 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Newmark | Oakland
(510) 923-6209
Listed By:
Shawn Klein
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:47AM
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 Newmark | Oakland
Investment Insights
Based on property information with market context.
This freestanding concrete-tilt up warehouse offers approximately 21,870 square feet of space on approximately 1.22 acres. The property has been seismically retrofitted and is zoned IG (Industrial General). It features two docks and three grade-level doors, along with two two-level EV chargers. The warehouse includes approximately 1,000 square feet of improved office space. Significant concrete off-street fenced-in parking and yard space are available. The clear height ranges from 20 to 22 feet. Located 1.5 miles from the 880 Freeway, the property is currently occupied and will be available in 60 days.
Key Highlights
- Freestanding +/-21,870 sf concrete‑tilt up warehouse with significant fenced parking & yard.
- Excellent location: just 1.5 miles from 880 Freeway.
- Includes 2 docks and 3 grade‑level doors for efficient loading/unloading.
Financial Insights For Warehouse
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 | $419.9k | $19.20 |
| − Vacancy | −$27.3k | −$1.25 |
| EGI | $392.6k | $17.95 |
| − OpEx | −$58.9k | −$2.69 |
| NOI | $333.7k | $15.26 |
21,870 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.77M
$4.17M – $5.56M
NOI $333,719 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$3.74M
$3.27M – $4.36M
NOI $261,784 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$99.70M
$87.24M – $116.32M
NOI $6,979,297 @ 7.0% cap · market cap 91.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Glesby Wholesale Inc
Building Supply
Similar Off Market Nearby
- Public Storage — 2011 Marina Blvd, San Leandro, CA 94577
- Closetbox — 14826 Wicks Blvd, San Leandro, CA 94577
- Closetbox — 1991 fairway dr, san leandro, ca 94577
- L3 Communications — San Leandro, CA 94577
- Marina Boulevard Storage Center — 2099 marina blvd, san leandro, ca 94577
FAQs
What type of property is this?
Warehouse - Freestanding warehouse with fenced parking, yard, and convenient freeway access.
Where is this warehouse located?
The property is located at 2015 W Ave 140th San Leandro, CA.
What is the asking price?
The asking price for this property is $7,595,000.
What are key features of this property?
This property features: Freestanding +/-21,870 sf concrete‑tilt up warehouse with significant fenced parking & yard.; Excellent location: just 1.5 miles from 880 Freeway.; Includes **2 docks and 3 grade‑level doors** for efficient loading/unloading.
