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200 Hegenberger Road - E-Entertainment, Oakland, CA

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200 Hegenberger Road - E-Entertainment

Oakland, CA 94621 - Oakland-Airport Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1961
Building Size:23,000 SF Land Area:.83 AC (36,155 SF)
For Sale Price:$4,500,000 Price/SF:$195.65
Cap Rate:6.50 %
Parking:28 Surface spaces are available; Ratio of 1.3/1,000 SF
Features:Pylon Sign

This retail location is a prime location for retailers looking to benifit from the local growth and development. Recent retailers to move into the area include Wal-Mart, In & Out Burger, Bob Dron’s Harley Davidson (across the street now) and many others.

Sale Notes:
Well located commercial property in high traffic location. Strong rents offering a 6.5% entry cap rate with annual rent increases raising the cap rate north of 7%. The property is currently fully leased to E-Entertainment, a restaurant/bar, entertainment, and pool hall venue. The building underwent expansion and renovations in 2011 and currently has a full commercial kitchen. There is parking in the front and rear of the building. The lot is approximately 38,000sf, with CR-1 Zoning and 160 foot height which also provides for future development potential.

Vanguard Properties
Alex Kolovyansky
(415) 875-7450

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