Millbrae Food Processing/Distribution
For Sale
Contact for pricing
370 Adrian Rd, Millbrae, CA
Free-standing facility with commercial kitchen and covered dock platform.
Property Size21,691 SF
Lot Size1.21 Acres
Price / SF$299.66
Days on Market468
Property Features for 370 Adrian Rd
General Information
Standard status
Active
Size
21,691 SF
Lot size
1.21 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | San Mateo
(650) 486-2218
Listed By:
Mike Davis, SIOR
(650) 486-2219
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:45AM
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 | San Mateo
Investment Insights
Based on property information with market context.
This is a former Better For You Breakfast production facility, now available as a free-standing food processing and distribution facility. The property features a commercial kitchen equipped with a hot food preparation area that includes gas stoves and commercial exhaust hoods. Tiled floors, a cold room food processing area, and a blast chiller are also present. The facility includes a covered dock platform with 8 truck dock wells and 3 roll-up doors at the dock staging area. The electrical system is a 1,200 amp three-phase system. The property is located within walking distance of the Millbrae BART Station. The building size is 21,691 square feet.
Key Highlights
- Free‑standing food processing/distribution facility
- Commercial kitchen featuring a hot food prep area, exhaust hoods, tiled floors, cold room, and blast chiller
- Benefit from a covered dock platform with 8 truck dock wells & 3 roll‑up doors
Financial Insights For Retail
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 | $830.3k | $38.28 |
| − Vacancy | −$39.0k | −$1.80 |
| EGI | $791.3k | $36.48 |
| − OpEx | −$237.4k | −$10.94 |
| NOI | $553.9k | $25.54 |
21,691 SF · lease $38.28/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$17.23M
$15.08M – $20.10M
NOI $1,206,059 @ 7.0% cap · market cap 18.55%
Second Best
Industrial
$14.19M
$12.42M – $16.55M
NOI $993,225 @ 7.0% cap · market cap 15.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Free-standing facility with commercial kitchen and covered dock platform.
Where is this manufacturing property located?
The property is located at 370 Adrian Rd Millbrae, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Free‑standing food processing/distribution facility; Commercial kitchen featuring a hot food prep area, exhaust hoods, tiled floors, cold room, and blast chiller; Benefit from a covered dock platform with 8 truck dock wells & 3 roll‑up doors
