This is an opportunity to acquire 1 Lynch Way in Union City, California. Totaling 38,625± square feet, the subject property is 39% occupied with Mattress Firm and Party City as current occupants. Mattress Firm occupies 4,550± square feet and Party City occupies 10,575± square feet. The vacant space is 23,500± square feet and Office Max was the former tenant.
The subject property is an outparcel to Union Landing Shopping center, a 700,000± square foot power center and entertainment hub. Co-tenant’s include: Walmart, Best Buy, Lowes, Michaels, Ross, Century 25 Theater, Starbucks, Lucky Grocery Store, Petco, Comcast, Wells Fargo, La-Z-Boy Furniture, Massage Envy and many more.
The subject property features a desirable location that is conveniently located right off Interstate 880 between Whipple Road and Alvarado Niles Road. This offers a significant value add opportunity increasing cash flow by leasing up the vacant space at market rent which then gives the Buyer an option to hold the property for cash flow or sell it for a potential profit.