TURNKEY FLEX INDUSTRIAL PROPERTY

246 S. 1ST STREET, RICHMOND, CA 94801

TURNKEY FLEX INDUSTRIAL PROPERTY

OWNER-USER INVESTMENT

$1,100,000

6.12% (PROFORMA)*

FOR SALE OFFERING

SALES PRICE

CAP RATE

PRICE/SF $260

OCCUPANCY OWNER-USER/INVESTMENT

KW Commercial is pleased to present a turnkey flex industrial

property located in the industrial sector of Richmond. The property

is close to highways 580, 80, the Richmond San Rafael bridge and the

Bay bridge. It has newly built modern office, kitchen, dining area, and

bathroom/locker room. The property has ample power to support your

business with 240V 3-phase (400 Amps). It’s also outfitted with a 5-ton

overhead gantry crane, newer perimeter fence and a large unobstructed

overhead door.

EXECUTIVE SUMMARY

RICHMOND

* Lease rate calculated at a NNN rateof $1.33/SF/Month

4,224 SFBUILDING SIZE

LOT SIZE 6,000 SF

ZONING LW (LIVE/WORK)

BUILDING ELEMENTS UPGRADES- Security Fence with privacy slats (2018)- New gutters and downspouts (06/2020)- Skylights waterproofed (06/2020 - 2year warranty)- Rear window added (05/2020)- Building exterior/overhead door painted (09/2020

FLEX SPACEOffice, breakroom, bathroom - Completed 2019. - Walls insulated with R13 int, R19 ext.- LED dimmable light fixures- Updated 200A panel, solid doors- New office entry door (2018)

POWER + LIGHTING240V - 3 Phase Power (400 Amps) + High Bay LED lights in shop (2019)

ALARM SYSTEMUpated Bay Alarm system (2019)

INTERNETComcast Business 50 megabytes Internet/Phone/TV

ACCESSEasy access highways 580 and 80

PRIVATE SEWER LATERALSewer lateral inspection performed 2018, city exempted (2018)- Cleanout installed (2018)

WATER HEATERRheem 3.5GPM tankless water heater (2018)

PROPERTY HIGHLIGHTS

kwcommercial.com/commercial/McCommercial.action?orgId=6361 2

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

1PROPERTY INFORMATION246 S. 1ST STREET

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com/commercial/McCommercial.action?orgId=6361 3

SALE PRICE $1,100,000

LOCATION INFORMATION"86++8��**6+77 ��"��78�"86++8

�/8<��"8'8+��&/5 !/).243*��

�4938<#4;37./5 �4386'��478'

BUILDING INFORMATION�9/1*/3-�"/=+ ��"�

�6'3+��+7)6/58/43 ��843��:+6.+'*��'386<��6'3+

�,>)+�"5')+ ��

�92(+6��,��14467 �

%+'6��9/18 ��

�'78�!+34:'8+* ��

�4'*��')846 %+7

�6++�"8'3*/3- �4

PROPERTY DETAILS 645+68<�#<5+ �3*9786/'1

645+68<�"9(8<5+ �,>)+�".4;6442

&43/3- �$��/:+$460�

�48�"/=+ ��"�

� ��

PROPERTY DETAILS�3*9786/'1

645+68<�"9(8<5+ �,>)+�".4;6442

Property Details

246 S. 1ST STREET 1 | PROPERTY INFORMATION

http://kwcommercial.com/commercial/McCommercial.action?orgId=6361


Additional Photos




Additional Photos




Additional Photos




Additional Photos




Additional Photos




Additional Photos




Additional Photos




Floor Plans




LOCATION INFORMATION

2 | LOCATION INFORMATION

LOCATION MAPS

AERIAL MAP

RETAILER MAP

2LOCATION INFORMATION246 S. 1ST STREET

OFFERING MEMORANDUM


Location Maps

246 S. 1ST STREET 2 | LOCATION INFORMATION



Aerial Map




Retailer Map




DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP & REPORT

CONFIDENTIALITY & DISCLAIMER

3DEMOGRAPHICS246 S. 1ST STREET

OFFERING MEMORANDUM


POPULATION 1 MILE 2 MILES 3 MILES

#48'1� 4591'8/43 ��

�:+6'-+�'-+ ��

�:+6'-+�'-+��'1+� ��

�:+6'-+�'-+��+2'1+� ��

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

#48'1�.497+.41*7 ��

��4,�5+67437�5+6��

�:+6'-+��/3)42+ ��

�:+6'-+�.497+�:'19+ ��

* Demographic data derived from 2010 US Census

Demographics Map & Report

246 S. 1ST STREET 3 | DEMOGRAPHICS



OFFERING MEMORANDUM

Confidentiality & DisclaimerRICHMOND, CA

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byOakland in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL

4937 Telegraph Avenue

Oakland, CA 94609

PRESENTED BY:

TIM SETIAWANManaging Director0: [email protected] DRE# #01981909

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.


Documents

TURNKEY FLEX INDUSTRIAL PROPERTY