Light Industrial Warehouse with
For Sale
Contact for pricing
8239 Enterprise Dr, Newark, CA 94560
Two-story office space and two refrigerated freezers support light industrial operations under M-L zoning.
Property Size34,500 SF
Price / SF$289.86
Days on Market239
Property Features for 8239 Enterprise Dr
General Information
Standard status
Active
Size
34,500 SF
Property subtype
INDUSTRIAL
Zoning
M-L
Additional Details
Utilities to Site
Yes
Building Details
Stories
2
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
Joe Yamin, SIOR
(925) 200-4687
Source:
Moodyscre
Added: Mar 3
Changed: Oct 25
Last Checked: Oct 26 at 7:47PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This light industrial warehouse includes approximately 17,200 SF of office space on two floors, along with refrigerated storage served by two freezers totaling 3,800 SF (two units at 2,300 SF and 1,500 SF). The production areas feature floor drains throughout, with interceptors on two sides, and the property has an elastomeric roof installed in 2021. Refrigeration and building systems are supported by HVAC with two ton units installed in 2023.
The facility is offered for sale with M-L, Light Industrial zoning through the City of Newark. Utilities include a 3-inch main for water and an 8-inch fire line, as well as a 2-inch gas main capable for 1,000 cubic feet. A facility plan is referenced for the locations of drain interceptors throughout the production area.
The facility is offered for sale with M-L, Light Industrial zoning through the City of Newark. Utilities include a 3-inch main for water and an 8-inch fire line, as well as a 2-inch gas main capable for 1,000 cubic feet. A facility plan is referenced for the locations of drain interceptors throughout the production area.
Key Highlights
- Two‑floor office space totaling about 7,200 SF
- M‑L Light Industrial zoning with City of Newark
- Two refrigerated freezers totaling about 3,800 SF (1st: ~2,300 SF; 2nd: 1,500 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$526,442
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,528,840
$10.5M
Cap Rate 7%
$7,520,600
$7.5M
Cap Rate 9%
$5,849,356
$5.8M
Market Conditions
NOI Build-Up for 34,500 SF
Gross rent
$662.4K $19.20/SF
− Vacancy
−$43.1K −$1.25/SF
EGI
$619.3K $17.95/SF
− OpEx
−$92.9K −$2.69/SF
NOI
$526.4K $15.26/SF
Area
Alameda County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,528,840
Cap Rate 7%
$7,520,600
Cap Rate 9%
$5,849,356
Alternative Uses
Best Use
Warehouse
$7.52M
$6.58M – $8.77M
NOI $526,442 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$157.28M
$137.62M – $183.50M
NOI $11,009,864 @ 7.0% cap · market cap 110.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Two-story office space and two refrigerated freezers support light industrial operations under M-L zoning.
Where is this refrigerated & cold storage located?
The property is located at 8239 Enterprise Dr Newark, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Two‑floor office space totaling about 7,200 SF; M‑L Light Industrial zoning with City of Newark; Two refrigerated freezers totaling about 3,800 SF (1st: ~2,300 SF; 2nd: 1,500 SF)
