Emeryville, CA 94608,3996 San Pablo Ave

$1,150,000

$1,250,000

8.0%
Est.Price: ?

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Est. payment /mo

2,789 SqFt


SOLD DATE : 10/24/2023

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 2,789 sqft

Price per Sqft $412

Subdivision Emeryville

MLS Listing ID 41032677

Sold Date 10/24/23

HOA Y/N No

Year Built 2005

Lot Size 915 Sqft

Acres 0.08

Property Description

NNN Investment Opportunity with In-Place CAP rate of 6.6% Annual 3% Increase in Lease. Newer 3 Contiguous Ground Floor Retail Commercial Condo units located in Excellent Emeryville Retail District. Great Visibility from High Traffic Count San Pablo Ave/40th St over 135,000 daily. Retail space is ground floor facing San Pablo Ave. w/125 Residential condos above. 2942sf contiguous and can be individually sold/rented into 3 units retail storefront consisting of (Ste H )939sf, (Ste I)945sf, and(Ste J) 920sf or rented out jointly. There are 2 recently constructed ADA approved restrooms, 3 separate HVAC system. 91 customer parking spaces designated for the retail shops. Across the Street from East Bay Bridge Shopping Center with National Retailer Target, Pak N Save(Safeway), Home Depot, Nordstorm Rack. Near major tech hub(Pixar), along Emery Go-Round route, easy access to freeway on and off ramp. Ste H, I, and J. Flexible Located on one of the busiest retail/commercial street in the east bay. Currently leased to one single tenant who has been operating for the past 5 years and had just exercised an option to extend the lease for additional 5 years through Feb 2029. Currently Lease include an annual 3% increase per year for the next 5 years.

Location

State CA

County Alameda

Area Emeryville

Zoning COM

Interior

Heating Heat Pump

Cooling Central Air

Flooring Concrete

Fireplace No

Exterior

Utilities Available Electricity Connected, Separate Meter, All Public

Building

Lot Description Business District, Neighborhood Commercial, Restaurant Nearby, Shopping Center Nearby, Shopping Nearby

New Construction No

Others

Tax ID 49154611

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Bridge MLS
Listed by Steven Wang • CA Golden Properties
Bought with StevenWang
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+1(510) 854-8066

brian@rysepropertygroup.com

1820 Solano Ave, Berkeley, CA, 94707, USA

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