2221-2239 Railroad Ave - Freestanding FOR SALE


Pittsburg, CA 94565
$3,518,000 USD
510-552-1687
2221-2239 Railroad Ave, Pittsburg, CA for Sale
$3,518,000 USD
Freestanding - FOR SALE
1/13
null | 7.98% Cap Rate

2221-2239 Railroad Ave
Pittsburg, CA 94565


HIGHLIGHTS

  • Major very busy street
  • Major business district
  • close to freeway and BART

OVERVIEW

8.% cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for owner storage. New owner may choose to rent it out for extra income. The shopping center is located on very busy major street, it is Starbucks anchored shopping center, close to freeway, schools, BART. Golden Plaza located the same street is also for sale.

FOR SALE DETAILS

PRICE

$3,518,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg C & Bldg D

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C, Pittsburg

APN/PARCEL ID

088-183-037-6

ASK ABOUT THIS PROPERTY

Richard MaoProMax Investment and DevelopmentMore Info
510-552-1687

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Richard MaoProMax Investment and DevelopmentMore Info
510-552-1687

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