401 Parr Blvd
19,351 SF for sale or lease in Richmond, CA.
1,200-amp, 480Y/277V 3-phase service plus large gas and water lines give this building the utility capacity most light-industrial product in the East Bay lacks — a genuine advantage for manufacturing, processing, or equipment-intensive users.
A gated yard alongside the 19,351 SF building supports container storage, fleet parking, or laydown space that is difficult to find on comparably sized infill industrial sites in West Contra Costa County.
Positioned in the Parr Blvd industrial corridor just off Richmond Parkway (SR-93), the property has direct access to both I-580 (Richmond–San Rafael Bridge, toward Marin) and I-80 (toward Solano County and the greater Bay Area) without routing through central Richmond.
Scannell Properties delivered a 325,000 SF, two-building industrial park (81/155/177 Parr Blvd) directly on the same street in 2024 — a signal that institutional capital continues to underwrite the immediate Parr Blvd submarket even as demand shifts toward newer big-box product.
Building specifications
North Richmond / Parr Boulevard Industrial Corridor
401 Parr Blvd sits in Richmond's North Richmond/Point San Pablo industrial corridor, immediately off Richmond Parkway (SR-93), the seven-mile arterial that links Interstate 580 (via the Richmond–San Rafael Bridge toward Marin County) and Interstate 80 (toward Solano County and the wider Bay Area) while bypassing downtown Richmond. That connectivity, combined with proximity to the Union Pacific and BNSF-served rail network and the multi-terminal Port of Richmond a few miles to the south, has made the corridor a longstanding home for heavy-utility warehouse, distribution, and marine-adjacent industrial users.
The submarket sits within a few miles of the Chevron Richmond Refinery — Richmond's largest employer and taxpayer, with roughly 3,000 workers on site — and the broader Richmond/Point Richmond industrial waterfront. Land in the immediate area is a mix of older 1960s–70s heavy-industrial buildings like 401 Parr, similar to nearby product on Parr Blvd, alongside newer institutional development such as Scannell Properties' 325,000 SF distribution project completed a block away in 2024, underscoring continued developer and investor confidence in West Contra Costa County industrial fundamentals.
New Institutional Development Lands Directly on Parr Blvd
In 2024, Scannell Properties delivered a two-building, roughly 325,000 SF industrial park at 81/155/177 Parr Blvd — literally around the corner from 401 Parr Blvd — after breaking ground in 2022 on a site the company designed for zero-emission operations and an all-electric truck fleet. Building 1 (121,733 SF) is now being marketed for lease and sale by Cushman & Wakefield with roughly 49,200 SF currently available, giving the immediate corridor a rare comparable for newer, larger-format industrial product against which older heavy-utility buildings like 401 Parr Blvd compete on price and power capacity rather than clear height or dock count.
The delivery lands against a East Bay industrial market that has softened broadly: per Kidder Mathews' Q1 2026 East Bay Industrial report, the Richmond submarket posted 11.0% direct vacancy and negative net absorption of roughly 205,000 SF for the quarter, with average asking rents around $1.50/SF/month NNN. That backdrop favors well-priced, feature-rich buildings — heavy power, yard, and dock/drive-in flexibility, as at 401 Parr Blvd — over generic space competing purely on square footage.
Source: Cushman & Wakefield (Scannell Industrial Center listing); Kidder Mathews Q1 2026 East Bay Industrial Market Report
How we'd position this listing
401 Parr Blvd is a value play in a corridor that's otherwise trending toward newer, larger-format institutional product. At $3,500,000 ($181/SF) for sale or $1.00/SF/month on lease, it undercuts new construction while offering utility infrastructure — 1,200-amp power, large gas and water lines — that few 1960s-era buildings in the East Bay can match without significant capital investment.
With Richmond submarket vacancy near 11% and rents softening East Bay-wide, this is a market that rewards owner-users and value-add buyers over speculative holders. The combination of dock and drive-in loading, a secured yard, and heavy power positions the building well for manufacturing, distribution, or trade/contractor users who need functionality that new-build spec space doesn't always prioritize.
Get rent roll detail, floor plans, and comparable sales for 401 Parr Blvd.
Let's talk about 401 Parr Blvd.
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
242 California St, San Francisco, CA 94111