12907 Alcosta Boulevard in San Ramon is a 22,500 +/- square foot multi-tenant industrial building on a 1.11 acre site. The opportunity to purchase industrial product in San Ramon is rare.  In the past 20 years, there have been four competitive projects transfer ownership. The vacancy rate has not been higher than 5% in the past 15 years.  Upon purchase, we painted the exterior of the building, replaced the roof and upgraded the landscaping.

The in-place rents were below-market, but most importantly, the majority of leases were short-term. This gave us the ability to quickly mark-to-market the rental rates. The asset is achieving an annual return greater than 12%.