3243 Sacramento St - Storefront FOR SALE
Berkeley, CA 94702 |
$3,600,000 USD
925-215-8641
3243 Sacramento St
Berkeley, CA 94702
HIGHLIGHTS
- LIMITED SUPPLY MARKET: Berkeley limited-license market provides long-term stability and profitability for the Property.
- LONG-TERM, NN+ LEASE WITH ATTRACTIVE ANNUAL INCREASES: Farmacy operates under a long-term NN+ lease with over 6 years of base term remaining.
- CLOSE PROXIMITY TO UNIVERSITY OF CALIFORNIA BERKELEY HIGH TRAFFIC LOCATION ON THE CORNER OF SACRAMENTO STREET & ALCATRAZ AVENUE
- RECENTLY EXPERIENCED A ±$2.1 MILLION RENOVATION FROM THE LANDLORD LICENSE ALLOWS TENANT TO OPERATE AS A RETAIL STOREFRONT, AND DELIVERY SERVICE
FOR SALE DETAILS
PRICE
$3,600,000 USD
PRICE/SF
$913 USD /SF
CAP RATE
9.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FARMACY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1928
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.09 AC
LAND SF
4,073 SF
ZONING
C-SA
APN/PARCEL ID
052-1520-012-00
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925-215-8641
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925-215-8641
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