428-438 Airport Blvd South San Francisco, CA 94080
This exceptional investment opportunity presents a fully occupied, 21,600-square-foot warehouse located at 428-438 S. Airport Blvd in South San Francisco, California, 94080. The property boasts a desirable location, offering convenient access to Highway 101 and proximity to Costco. The single-story building features three dock-high doors, providing efficient loading and unloading capabilities. With a total of 11 parking spaces, ample parking is available for tenants and visitors. The warehouse is currently 100% occupied across two units, generating a stable income stream. The property sits on a lot ranging from 7,000 to 8,000 square feet. The asking price is $7,800,000, and the sale is structured as a 1031 exchange. Rent bumps are included in the lease agreements, ensuring future income growth. This is a rare opportunity to acquire a high-quality, net-lease industrial property in a prime South San Francisco location with strong tenant occupancy and built-in appreciation potential. The property is ideal for investors seeking a stable, long-term investment with significant upside. The convenient location and strong tenant occupancy make this a compelling investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.