Multi-Tenant Flex Warehouse
30540 Union City Blvd, Union City, CA 94587
For Sale
Contact for pricing
Multi-tenant, sprinklered warehouse and flex facility with 16-foot clear height and grade-level loading to each unit.
Property Size50,000 SF
Lot Size2.22 Acres
Price / SF$250
Days on Market419
Property Features for 30540 Union City Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Sprinkler System
Additional Details
Highway Access
Amenities
on-site management
Building Details
Year Built
Tenancy
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
Joe Yamin, SIOR
(925) 200-4687
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Oct 26
Last Checked: Nov 8 at 3:30AM
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 | Pleasanton
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Investment Insights
Based on property information with market context.
This multi-tenant flex warehouse facility was built in 1964 and offers four suites. The building is sprinklered and includes 16-foot clear height. Each individual unit features approximately grade-level loading. Warehouse configuration includes 20-foot bay spacing between pillars with 120-foot depth, plus a mezzanine and HVAC-equipped offices. Select improvements include a 14x12 drive-in door, and the property is operated with on-site management.
Convenient freeway access is highlighted with proximity to I-880, approximately 1.5 miles away. The site is identified by parcel numbers 483-5-9-2 and 483-5-10, and zoning is listed as ML (please verify use). The building also includes executive and dispatch office space.
Convenient freeway access is highlighted with proximity to I-880, approximately 1.5 miles away. The site is identified by parcel numbers 483-5-9-2 and 483-5-10, and zoning is listed as ML (please verify use). The building also includes executive and dispatch office space.
Key Highlights
- Multi‑tenant industrial/flex facility with ±150,000 SF on 2.22 acres
- Four suites with 16’ clear height and sprinkler system
- Grade‑level loading to each individual unit plus 14x12 drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$598,500
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,970,000
$12.0M
Cap Rate 7%
$8,550,000
$8.6M
Cap Rate 9%
$6,650,000
$6.7M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$900.0K $18.00/SF
− Vacancy
−$45.0K −$0.90/SF
EGI
$855.0K $17.10/SF
− OpEx
−$256.5K −$5.13/SF
NOI
$598.5K $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%
$11,970,000
Cap Rate 7%
$8,550,000
Cap Rate 9%
$6,650,000
Alternative Uses
Best Use
Industrial
$8.55M
$7.48M – $9.98M
NOI $598,500 @ 7.0% cap · market cap 4.79%
Second Best
Warehouse
$8.03M
$7.03M – $9.37M
NOI $562,091 @ 7.0% cap · market cap 4.50%
Theoretical Best
Multifamily LT 5
$23.98M
$20.98M – $27.97M
NOI $1,678,257 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Alameda County, CA
Properties on Market for Flex space in Alameda County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Raja Sweets & Indian Cuisine — 31853 Alvarado Blvd, Union City, CA 94587
- Kabila — 29286 Union City Blvd, Union City, CA 94587
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant, sprinklered warehouse and flex facility with 16-foot clear height and grade-level loading to each unit.
Where is this flex space located?
The property is located at 30540 Union City Blvd Union City, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Multi‑tenant industrial/flex facility with ±150,000 SF on 2.22 acres; Four suites with 16’ clear height and sprinkler system; Grade‑level loading to each individual unit plus 14x12 drive‑in door
