Freeman Logistics
1915 22ND AVE NW | 1920 22ND AVE NW PUYALLUP, WA 98371
503,969 sf
Attributes
Building area net
211,259 sf
Land area net
7.26 acres
Occupancy
100%
WALT
11.01 years
Lease type
Net lease (N/NN/NNN)
Year renovated
2021
Zoning
Mixed Industrial Medium (MI-M)
Description
Jones Lang LaSalle America’s Inc., (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 405 Victory Avenue (the “Property”), a mission critical, infill distribution warehouse facility totaling 211,259 SF (As Leased) on 7.26 acres (0.67 FAR), located in Lindenville neighborhood of South San Francisco, CA.
The Property is 100% leased to FedEx (S&P – BBB Rating) with 11.01 years of remaining term (as of Jun-26). Built / renovated in 1958 / 2021, the Property features 18’-26’ clear heights, 45 dock-high doors and 9 grade level doors.
Featuring the rare combination of long-term tenancy supported by investment-grade credit, mission critical functionality and an A+ infill location within South San Francisco, 405 Victory is a rare opportunity to acquire core industrial real estate of scale within the San Francisco Bay Area.
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Investment highlights
- STRATEGIC INFILL SOUTH SAN FRANCISCO LOCATION
- DIRECTLY ADJACENT TO SFO INTERNATIONAL AIRPORT
- HIGH POPULATION DENSITY 250,000 WITHIN 5 MILES
- HIGH BARRIERS TO ENTRY
- BELOW REPLACEMENT COST
- INDUSTRIAL BASE HAS SHRUNK 10% OVER LAST 5 YEARS
- ELIGIBLE OPPORTUNITY ZONE LOCATION
- SUPERB FREEWAY ACCESS
- PROXIMITY TO SAN FRANCISCO & AFFLUENT SUBURBAN COMMUNITIES
- COMPELLING MARKET FUNDAMENTALS
- STICKY TENANCY
- PRO-INDUSTRIAL CITY
Media
405 Victory Avenue (0 Properties)
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Last updated
Feb 11, 2026