La Ribera St., Livermore

DESCRIPTION

In April 2013, this 23,000 square foot industrial building in Livermore was acquired.  The building was a sale-leaseback, whereby the tenant remained in half of the building, leaving a very desirable 11,000 square foot space with a large, fenced and concrete yard.  The vacant space was recently leased quickly and now is leased to a subsidiary of US Concrete, a company with a market cap of over a billion dollars, for ten years.  This property is providing over 12% cash-on-cash returns.  It was purchased for $2,275,000 and has recently been appraised for $4,550,000.