1069 Shary Cir Concord, CA 94518-2462

Property Details for 1069 Shary Cir

Year built

1969

Construction

CONCRETE

Lot size

0.57 lot acres

Property size

11,520 SF

Zone code

PI

Property type

Industrial properties

APN

129-342-008-7

APU

1293420087

Description

This exceptional Class A industrial warehouse, located at 1069 Shary Cir, Concord, CA 94518, presents a compelling investment opportunity. The 11,520 square foot building, constructed in 1969, boasts a desirable central Concord location within Contra Costa County. Currently operating as a multi-tenant property, the warehouse features four grade-level loading docks, a 20-foot clear ceiling height, and is suitable for front-loader access. The property's current Net Operating Income (NOI) stands at $104,239, with a pro-forma NOI projected at $203,112, reflecting significant upside potential. This potential stems from existing tenants currently operating under short-term leases below market rates, offering immediate opportunities for rental increases and improved profitability. The gross lease structure simplifies management, while the light industrial nature of the building caters to a wide range of potential tenants. This is a rare chance to acquire a well-located, multi-tenant warehouse with substantial value-add potential in a thriving California market. The asking price is $3,400,000.

Location Insight

City

Concord

County

Contra Costa

State

California

Longitude

-122.033

Latitude

37.955

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments