5600-5650-5700-5750 Imhoff Dr & 1590 Solano Way, Concord, CA, 94520, US

Concord Business Park

Asset description

90% Leased Multi-Tenant Industrial Park with Strategic Infill Core Bay Area Location

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Buildings

Building area net

13,173 sm

Land area net

3.27 ha

Occupancy

90%

Tenants

WAULT

2.17 years

Year built

1989

Clear height

5.49 m

Grade level doors

Zoning

Light Industrial

Rare opportunity to acquire a multitenant industrial project in an undersupplied, infill submarket with excellent regional demographics and population density.
Stable cash flow at 90% occupancy and near-term opportunity to increase NOI with rents 21% below market and 2.17 years of WALT.
No new development of small-bay assets creating supply/demand imbalance and persistent rent growth.
Excellent unit configurations limits ongoing tenant improvement / rollover costs.