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33366 Croatian Way, Union City, CA, USA

Price: $3,175,000 ($278/sf)

Status: Sold on March 2021

Executive Summary

The Ivy Group is pleased to offer for sale free standing industrial/flex building located within the Croatian Industrial Park. Zoned Light Industrial (ML), the property was built in 1987 and perfectly suited for light manufacturing, R&D and cannabis users.

The property is approximately 20% office and 80% warehouse. It is divisible into four separate units, each with its own private entrance, electric meter, grade level rollup door and restroom. The offices feature 8 feet ceilings and the warehouse has approximately 20 feet clear height, skylights, insulated ceilings and compressed air lines. Each unit is served with 200 amps at 110/208/240 volts, 3 Ø. The building is fully protected by fire sprinklers. This is a unique opportunity for an owner/user to acquire the Property and operate its own business, or investor to place strong tenant(s) to occupy the Property for steady income.

The property is located in the East Bay 880 Corridor, and situated at the corner of Croatian Way and Pacific Street. It is surrounded by numerous restaurants, public transportation nodes and convenient nearby amenities. With easy access to highways 84, 92 and 880, the property is in close proximity to the Union City BART station and bus stops. It is also conveniently located near 3 major international airports: Oakland International Airport, San Jose Mineta International Airport and San Francisco International Airport.

Offering Memorandum
Due Diligence

Highlights

  • Building Size

    ± 11,416 square feet

  • Lot Size

    ± 28,693 square feet (0.66 acres)

  • Year Built

    1987

  • Power

    800 amps, 120/280 volts power, 3 Ø

  • Zoning

    Light Industrial (ML)

  • Use

    Light industrial

  • Freeway Access

    Convenient and easy access to major freeways: 84, 92 and 880

  • Bart Station

    ± 2.2 miles to the Union City Bay Area Rapid Transit (BART) station

  • Bus Stop

    Minutes to major bus stops on Alvarado Niles Road

  • Loading

    Each unit has one grade level rollup door

  • Metering

    Each unit individually metered for electric with PG&E

  • Number of Units

    4

  • APN

    475-181-9

  • Ceiling Height

    Warehouse (± 20 ft), Office (± 8 ft)

  • Fire Sprinklers

    100% throughout office & warehouse

33366 Croatian Way, Union City, CA 94087

Location

Union City is a city in the San Francisco Bay Area in Alameda County, California, located approximately 19 miles south of Oakland, 30 miles from San Francisco, and 20 miles north of San Jose. Incorporated in 1959, combining the communities of Alvarado and Decoto, the city has a very diverse population. It is conveniently served by major freeways, as well as transport lines including Caltrain, VTA and the Bay Area Rapid Transit (BART) system.

The city of Union City is home to three major health care providers: Kaiser Permanente, Tiburcio Vasquez Health Center, and Washington Hospital’s Nakamura Clinic.

Union Landing Shopping Center, a major shopping center, is a 100-acre shopping center adjacent to Interstate 880 in Union City and is one of the largest centers in the city with about 70 stores. The center was completed in 1999.

Union City creates opportunities for innovation that allow businesses to grow their operations in a small, culturally diverse, tight-knit community in the greater Silicon Valley.

The city is a key location in the Bay Area with proximity to rich educational institutions, innovative businesses, accessible transportation, funding opportunities and an expansive talent pool.

Union City, CA Demographics

Transaction Highlights

  • SBA Financing
    10%
    down payment
  • Competitive Market
    3
    offers received
  • Ideal Layout
    4
    individual units separately metered
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