5931 Priestly Drive | Carlsbad
5931 Priestly Drive, Carlsbad, CA, 92008, US
4.903 m²
Beschreibung
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 1201 Shore Street (the “Property”) located in the highly desirable West Sacramento market.
The Property consists of a single-tenant, 100% leased autonomous vehicle service facility totaling ±56,680 square feet, situated on ±2.43 acres (0.54 FAR) directly adjacent to Highway 50 and I-80. Built in 1969/1980 and remodeled in 2026, the Property features 20’–24’ clear heights, 3 dock-high doors, 2 grade-level doors, and 65 auto parking spaces.
The Property is 100% leased on a recently executed lease commencing August 10, 2026 and running through August 31, 2029, representing 2.69 years of WALT (as of December 2026). The lease carries 3.00% annual rent escalations on a NNN basis. Base Rent has commenced, and the tenant is expected to take possession and begin its own tenant improvement build-out in mid-September 2026.
The Property is being offered at a listing price of $9,500,000 ($168 PSF), reflecting a 6.70% going-in cap rate.
1201 Shore Street represents a rare opportunity to acquire a fully-leased, single-tenant industrial asset in the supply-constrained West Sacramento industrial market.
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Eigenschaften
Gebäudefläche netto
5.266 m²
Grundstücksfläche brutto
0,98 Hektar
Vermietungsstand
100 %
Baujahr
1969
Jahr der Renovierung
2026
Power
4,000A, 277/480v, 3-Phase 4W
Clear Height
20' - 24'
Dock-High / Grade-Level Doors
3 DH / 2 GL
Secured Yard
Yes
Medien
Investment-Highlights
- 100% leased to a leading autonomous vehicle technology company through August 31, 2029 on a NNN basis, with 3.00% annual rent escalations and two 1-year extension options (or one 5-year option), providing durable, low-management-intensity cash flow.
- Current ownership completed a comprehensive renovation in March 2026, including a new roof, new HVAC (office), remodeled office/restrooms, restored and polished warehouse concrete slab, resurfaced and striped asphalt, new yard fencing, and new interior/exterior paint.
- 4,000-amp, 480-volt, 3-phase power and an existing rail spur (Sierra Northern Railway, connecting to Union Pacific Railroad) with 3 rail loading doors — supporting a wide range of industrial, R&D, and fleet-servicing uses beyond the current tenancy.
- With renovations completed immediately ahead of lease commencement, a buyer inherits a newly repositioned building with limited near-term capex exposure.
Ihre Ansprechpartner
1201 Shore Street (Sacramento, CA) (0 Objekte)
