937-972 San Pablo Ave - Storefront Retail/Office FOR SALE


Albany, CA 94706
$10,983,000 USD
949-270-8221
937-972 San Pablo Ave, Albany, CA for Sale
$10,983,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 5.25% Cap Rate

937-972 San Pablo Ave
Albany, CA 94706


HIGHLIGHTS

  • Signalized, Hard Corner Intersection | Centralized Location |Mixed-Use Investment Opportunity | Reparcelization Opportunity
  • Strong National/Credit Tenants | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Albany Town Centre, a 24,712 SF, mixed-use, residential and commercial multi-tenant, value-add investment opportunity located in Albany, CA (Oakland-Hayward-Berkeley MSA). The property is currently 100% occupied with a diverse mix of medical, restaurant, retail, residential and daily needs tenants. All current commercial tenants operate on Gross leases, allowing an investor the ability to convert expiring leases to NNN where tenants will reimburse for their share of taxes, insurance, and CAM, and would provide a double digit growth in Net Income. Additionally, 8 of the 12 current retail tenants are paying below market rent, and holding over allowing an investor to acquire a property with significant value-add potential within the MSA, a thriving retail market.

FOR SALE DETAILS

PRICE

$10,983,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Centre Plaza | Near UC Berkely Bay Area

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

C2, Albany

APN/PARCEL ID

066-2721-026-06

ASK ABOUT THIS PROPERTY

Kyle ZimmerSRS National Net LeaseMore Info
949-270-8221

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Kyle ZimmerSRS National Net LeaseMore Info
949-270-8221

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