Bought with Cody Nguyen • Intero Real Estate Services
$875,000
$899,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
100 Railroad AVE Suisun City, CA 94585
29,375 SqFt
Key Details
Sold Price $875,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 29,375 sqft
Price per Sqft $29
MLS Listing ID 322079487
Sold Date 05/17/23
HOA Y/N No
Year Built 2021
Property Sub-Type Warehouse
Property Description
Successful 40-space outdoor RV & Boat storage investment opportunity for sale at 100% occupancy. Property/business located within the SF Bay Area's developed I-80 corridor, surrounded by long-standing residential, industrial, and retail developments. Remote management/onboarding with all tenants on auto-bill. 3 hours per month is required to manage aspects of the business/property. All carefully selected tenants' items are insured, registered, and maintained. All tenants have 100% pay-on-time track records. App-based security camera/alarm system with 24-hour recording, and remote viewing. A powered gate with a code ensures easy ingress/egress for tenants. The property is fenced, and secured with cameras, motion detection sirens, and razor wire. Centrally located, and right off the heavily trafficked Hwy 12. 4 minutes from downtown Fairfield and 6 minutes from I-80. $47,000 annual NOI. Two simple value-add opportunities have begun being implemented to increase NOI to $53,640
Location
State CA
County Solano
Area Suisun 1
Exterior
Garage Spaces 40.0
Building
Lot Description Curb(s), Curbs/Gutters, Landscape Front, Landscape Misc, Low Maintenance, Sidewalk, Sidewalk/Curb/Gutter, Storm Drain, Street Lights
Story 1
Level or Stories 1
Others
Special Listing Condition None
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