2200-2240 Shattuck Ave - Storefront Retail/Office FOR SALE


Berkeley, CA 94704
$8,000,000 USD
415-445-5164
2200-2240 Shattuck Ave, Berkeley, CA for Sale
$8,000,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

2200-2240 Shattuck Ave
Berkeley, CA 94704


HIGHLIGHTS

  • Rare repositioning opportunity.
  • Irreplaceable bay area transit-oriented location.
  • High barriers to entry.
  • Opportunity zone development & tax reduction.
  • Historic building opportunity & mills act tax reduction

OVERVIEW

Newmark Retail Capital Markets, as the Exclusive Advisor, is pleased to present the opportunity to acquire the condominium interest in 2200 Shattuck(the “Property” or “Shattuck Plaza Retail”). Comprised of 17,757 SF of ground floor retail, with an additional 11,430 SF of basement space that can be utilized for office or storage, the Property lies at the base of the Historic Hotel Shattuck in the heart of Downtown Berkeley. Located one block away from the University of California, and adjacent to the Downtown Berkeley BART Station, Shattuck Plaza Retail represents a rare opportunity to recognize significant upside through the repositioning of the existing retail. Available for the first time in a decade, Shattuck Plaza Retail is an opportunity to transform an entire city block of ground floor retail in one of the East Bay’s most coveted and captive residential markets. Currently 6.81% leased, with Starbucks as the sole tenant, the Property has been strategically vacated to provide a clear path for the renovation and reprogramming of the tenancy. Upon completion, the Property will provide a much needed amenity base for the surrounding residential and student population.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shattuck Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C-2, Berkeley

APN/PARCEL ID

057-2027-006-00,057-2027-007-00,057-2027-009-00

ASK ABOUT THIS PROPERTY

Cheyne BlochNewmarkMore Info
415-445-5164

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Cheyne BlochNewmarkMore Info
415-445-5164

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.