451 McCormick St

 

FOR LEASE · SAN LEANDRO

451 McCormick St

San Leandro, CA
Sale Price
Contact broker for details
Lease Rate
$1.20/SF/month ($14.40/SF/year)
Size
Warehouse 8,178 SF
451 McCormick St, San Leandro, CA
Building Size
9,143 SF (8,178 SF Warehouse + 965 SF Office)
Lot Size
1.50 acres (unit within a ±54,000 SF multi-tenant industrial building)
Year Built
1970
Zoning
IG (General Industrial), City of San Leandro
01 — WHY THIS PROPERTY

Warehouse 8,178 SF for lease in San Leandro, CA.

01
Heavy 3-Phase Power

200-amp, 277/480-volt, 3-phase, 4-wire service supports light manufacturing, assembly, or production users that outgrow standard single-phase industrial space.

02
Functional Warehouse Layout

16' clear height, a drive-in loading door, brand-new high-bay LED lighting, and multiple skylights give the space usable volume and natural light without the premium of a big-box building.

03
Established San Leandro Industrial District

Positioned in San Leandro's long-standing industrial corridor with direct access to I-880, putting tenants minutes from Oakland International Airport and the Port of Oakland for regional distribution.

04
Priced Below Submarket Averages

At $1.20/SF/month, the asking rate sits under the San Leandro/San Lorenzo submarket's ~$1.67/SF direct average, a meaningful gap in a submarket running near full occupancy.

02 — PROPERTY DETAIL

Building specifications

Total Building
9,143 SF (8,178 SF Warehouse + 965 SF Office)
Lot Size
1.50 acres (unit within a ±54,000 SF multi-tenant industrial building)
Year Built
1970
Construction
Masonry
Clear Height
16'
Loading
1 drive-in door (building has 8 drive-in bays total)
Power
200 amps, 277/480V, 3-phase, 4-wire
Fire Protection
Contact broker for details
Parking
26 standard spaces, fenced lot
Zoning
IG (General Industrial), City of San Leandro
03 — THE AREA

San Leandro Industrial Corridor

451 McCormick St sits inside San Leandro's core industrial district, a dense pocket of manufacturing, distribution, and flex buildings just east of I-880 between Oakland and Hayward. The freeway gives immediate access to the Port of Oakland and Oakland International Airport, both within a roughly 15-20 minute drive, making the location practical for tenants moving freight through the East Bay. San Leandro's Amtrak/Capitol Corridor and BART stations are also nearby, supporting employee commutes without a car-dependent site.

The surrounding submarket is anchored by larger logistics activity along the Doolittle Drive corridor a few miles south, where national industrial landlords like Prologis operate big-box distribution buildings, alongside older, smaller-bay industrial stock like this building that serves local manufacturers, trade contractors, and light-industrial users priced out of newer product.

04 — IN THE MARKET

Amazon Targets San Leandro's Doolittle Corridor for New East Bay Distribution Hub

Local News

In late 2025, Amazon signed a lease for a 266,000 SF Prologis Nexus building at 1345 Doolittle Drive in San Leandro, featuring 40-foot clear heights and 5,200 amps of power built for large-scale distribution. As of February 2026, the deal remains conditional on Amazon securing a city business license, with San Leandro officials saying no formal application had yet been filed. It marks Amazon's second attempt to establish a presence on the Doolittle corridor after backing out of a smaller 2020 commitment.

The activity reflects continued investor and tenant confidence in San Leandro industrial real estate: in October 2025, Sagard Real Estate acquired a 260,989 SF industrial facility on 10.83 acres in the same corridor (built 1973, renovated 2024, with 28' clear heights and 30 dock-high doors), citing the strength of the broader ~279 million SF East Bay industrial market and its limited new supply.

Market Snapshot
7.0%
Kidder Mathews, East Bay Industrial Market Report, Q1 2026 — tighter than the broader East Bay average of 8.4%
$1.67/SF/mo
Kidder Mathews, East Bay Industrial Market Report, Q1 2026
+570,573 SF
Kidder Mathews, East Bay Industrial Market Report, Q1 2026 — positive absorption, in contrast to -386,216 SF in neighboring Oakland over the same period

Source: Hoodline, "Amazon's Quiet San Leandro Warehouse Play Hits City Snag," Feb. 24, 2026; BusinessWire, "Sagard Real Estate Expands U.S. Industrial Portfolio with Acquisition in San Leandro, California," Oct. 31, 2025

05 — OUR TAKE

How we'd position this listing

451 McCormick St is a rare combination in the current San Leandro market: functional, well-powered small-bay industrial space priced meaningfully under the submarket's $1.67/SF average, in a district running just 7.0% vacant. For a manufacturing, assembly, or light-industrial tenant that needs real 3-phase power and a drive-in door rather than a 100,000 SF big-box footprint, this is the kind of building that gets absorbed quickly.

The broader momentum in San Leandro's industrial corridor - Amazon's pursuit of a 266,000 SF distribution building on Doolittle Drive and Sagard Real Estate's late-2025 acquisition nearby - underscores continued institutional and large-tenant demand for East Bay industrial product. That demand supports pricing and occupancy for smaller, owner/user-scale buildings like this one, even as it plays out a few miles away.

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Jeffrey Ida — (415) 828-7679
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
Lee & Associates — San Francisco
242 California St, San Francisco, CA 94111
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