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    1373 Lowrie Ave South San Francisco, CA 94080

    Sponsored
    For Sale
    Contact for pricing

    Multi-tenant industrial building, high ROI potential.

    Property size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional value-add industrial property in South San Francisco, California, presents a compelling investment opportunity. Located at 1373 Lowrie Ave, 94080, this fee-simple owned, 33,000 square-foot warehouse boasts a prime location, offering easy freeway access and proximity to San Francisco and San Francisco International Airport. The single-story building, constructed in 1971 and renovated in 2006, sits on a one-acre lot and features a 20-foot ceiling height, heavy power, sprinklers, floor drains, and ample off-street parking. Currently 100% occupied by two tenants—an electrician and a USDA-approved baking facility—under a net-net lease structure, the property offers significant upside potential. Lease terms expire in August 2024 (electrician) and August 2027 (bakery), with a weighted average lease term (WALT) of approximately 2.8 years. Rent bumps are set at 3%, and lease options include fair market value (FMV) renewals. The property is zoned MH2 and offers approximately five grade-level doors, one of which can be converted to a dock well. With below-market rents and a low vacancy rate in a competitive market, this property is ideal for investors seeking strong returns or owner-users who can leverage the existing tenancy while planning for future rental increases or occupancy. The projected net operating income (NOI) is expected to increase to over 7% upon lease renewals at market rates. This rare USDA-approved baking facility adds significant value to this already attractive investment.

    Property Features for 1373 Lowrie Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    33,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1971/2006
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 33,000 SF multi‑tenant warehouse in South San Francisco, CA.
    • Fee‑simple owned, with two tenants (electrician and USDA‑approved bakery) under net‑net leases.
    • Weighted average lease term (WALT) of approximately 3 years, with rent bumps at 3% and FMV renewal options.
    • Features include 20‑foot ceilings, heavy power, sprinklers, floor drains, ample parking, and approximately five grade‑level doors (one convertible to a dock).
    • Prime location with easy freeway access, proximity to San Francisco and SFO, and low vacancy rates. Significant upside potential due to below‑market rents.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Inspired Cookie Bakery City Baking Co Wholesale Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.4112459
    Latitude
    37.6474063

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant industrial building, high ROI potential.
    Where is this distribution property located?
    The property is located at 1373 Lowrie Ave South San Francisco, CA.
    What are key features of this property?
    This property features: 33,000 SF multi-tenant warehouse in South San Francisco, CA.; Fee-simple owned, with two tenants (electrician and USDA-approved bakery) under net-net leases.; Weighted average lease term (WALT) of approximately 3 years, with rent bumps at 3% and FMV renewal options.
    Request Owner's contact information
    1373 Lowrie Ave South San Francisco, CA 94080
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    South San Francisco, CA 94080
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1373 Lowrie Ave South San Francisco, CA 94080
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