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Video Executive Summary Highlights Pictures Location

2368 Alvarado Street, San Leandro, CA, USA

Price: $3,200,000 ($226/SF)

Status: Sold on June 2022

For Sale | 2368 & 2370 Alvarado St, San Leandro, CA 94577

Executive Summary

The Ivy Group is pleased to present the opportunity to acquire portfolio consisting of two free standing industrial properties adjacent to each other located at 2368 & 2370 Alvarado Street, San Leandro, CA (“The Properties”). The two properties must be sold together.

2368 Alvarado Street (± 4,000 square feet) and 2370 Alvarado Street (± 10,156 square feet) together yield a total of ± 14,156 square feet, with approximately 10% office and 90% warehouse. Both are concrete frame construction built on top of concrete foundation.

With increasing steady demand for industrial space in the immediate area, the Properties present a rare opportunity for an owner/user to acquire two fee simple interest industrial assets for business expansion through conventional, or 10% SBA financing. Zoned General Industrial (GI), the properties are ideally suited for cannabis, warehousing, eCommerce, light industrial uses, among others.

The industrial properties are located in San Leandro’s Laqua Manor district and is conveniently positioned in a primarily mixed office & industrial neighborhood. The neighborhood services and retail are located along Alvarado Street and East 14th Street. The central business district is approximately 1 mile North.

The Properties are located just south of Marina Boulevard which has direct access to Interstate 880. The area is approximately 3 miles south of San Leandro’s downtown. The area is zoned Industrial General and is developed with a mix of industrial and light industrial developments.

The Properties are located within the Lit San Leandro zone, which offers a fiber loop, providing state-of-the-art fiber optic internet connections with fast speed, reliability, reduced latency and low maintenance cost.

Offering Memorandum
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Due Diligence
  • Hidden

Highlights

  • Building Size

    ± 14,156 SF

  • Lot Size

    ± 25,952 SF (± 0.60 acres)

  • Year Built

    1957 & 1954

  • Power

    600 amps, 3 Ø delta (buyer to verify)

  • Zoning

    Industrial General (IG)

  • Use

    Cannabis, warehousing, eCommerce, industrial, etc

  • Freeway Access

    Convenient & easy access to freeways 92, 580, 880

  • Bart Station

    ± 1.1 miles to San Leandro BART Station

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Loading

    Two grade level roll up doors

  • Metering

    Individually metered for electric, water, sewer

  • Number of Units

    2

  • APN

    75-93-1-13 & 75-93-1-9

  • Ceiling Height

    ± 16 to 18 feet

Location

>>>

2368 Alvarado St, San Leandro

Location

>>>

2370 Alvarado St, San Leandro

Property Photos

Transaction Highlights

  • Multiple Offers
    3
    Offers
  • Sold Above Asking
    $100K
    3.2% over asking
  • Portfolio Sale
    2
    units sold together

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7383 Thornton Ave, Newark, CA
Price:$780,000 ($481/SF)
Building Size: ± 1,620 SF
Lot Size: ± 9,248 SF (± 0.21 acres)
Year Built: 1924
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Price:$680,000 ($793/SF)
Building Size: ± 857 SF
Lot Size: ± 84,943 SF (± 1.95 acres)
Year Built: 1982
Zoning: C1, A (PD)
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