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1056 Serpentine Ln

24,100 SF 100% Leased Industrial Building Pleasanton, CA 94566 £4,740,060 (£197/SF)

Investment Highlights

  • 100% leased industrial building
  • Two tenant building split in half for ideal future owner/user
  • Great clear height at up to 20'
  • Great loading with 3 grade level doors

Executive Summary

Cushman & Wakefield, as the exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 1056 Serpentine Lane, Pleasanton, CA (“the Property”), a 24,100 square foot industrial investment opportunity located in highly desirable Pleasanton, California. The building has had a long-standing history of stable occupancy as tenant turnover is low and is located in the Tri-Valley which is of a constrained industrial market. At 100% leased with a diverse tenant base, the Property offers investors a rare opportunity to purchase an industrial building with significant upside in the form of under market in-place rents and substantial re-tenant potential. 1056 Serpentine Lane offers a ±2.0 per 1,000 square foot parking ratio on ±1.16 acres of land. 1056 Serpentine Lane is walking distance to Tri-Valley Wheels bus line route 56, 3½ miles from the Pleasanton BART stations, less than 3 miles from Interstate 580 and less than 4 miles from Interstate 680.

Property Facts

Price £4,740,060
Price Per SF £197
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Light Industrial Light Manufacturing
  • Industrial Manufacturing
  • Showroom
Building Class B
Lot Size 2.00 AC
Rentable Building Area 24,100 SF
Number of Floors 1
Year Built 1985
Parking Ratio 1.99/1,000 SF
Clear Ceiling Height 20 ft
Level Access Doors 3

Amenities

  • 24 Hour Access
  • Signage
  • Storage Space
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Bennett Graphics Signs, Inc
  • Manufacturing
  • -
  • -
  • -
  • West Coast Olympic Gymnastics Academy
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Bennett Graphics Signs, Inc Manufacturing - - -
West Coast Olympic Gymnastics Academy - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 946-4547-114-00
  • 946-4547-113-00
Land Assessment
£428,612
Improvements Assessment
£891,395
Total Assessment
£1,320,006
  • Listing ID: 33876111

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 1056 Serpentine Ln, Pleasanton, CA 94566

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