1600 Kearney St - Loft/Creative Space FOR SALE


El Cerrito, CA 94530
$2,600,000 USD
510-815-2000
1600 Kearney St, El Cerrito, CA for Sale
$2,600,000 USD
Loft/Creative Space - FOR SALE
1/26
null | 3.16% Cap Rate

1600 Kearney St
El Cerrito, CA 94530


HIGHLIGHTS

  • Owner-User or Investor Opportunity - Owner-user can occupy part or all of the space, or an investor could acquire bring rents to market.
  • Potential Development - TOHIMU zoning. 45 units/acre but could likely capitalize on various state laws allowing additional bonus density.
  • Near Bart + Shopping - Walk to Bart and outstanding neighborhood area shops, markets, restaurants, and bars.

OVERVIEW

Cap Rate - 3.16% (Current) GRM - 16.95 (Current) Cap Rate - 5.57% (Proforma) GRM - 11.53 (Proforma) Davide F. Pio proudly presents 1600 Kearney St in El Cerrito, CA for sale. The building was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants. The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre. Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

3.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Owner-User / Investor Office in El Cerrito

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Showroom, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

TOHIMU

APN/PARCEL ID

502-232-013-8

ASK ABOUT THIS PROPERTY

510-815-2000

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510-815-2000

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