11299 San Pablo Ave - Freestanding FOR SALE


El Cerrito, CA 94530
$9,500,000 USD
510-898-2122
11299 San Pablo Ave, El Cerrito, CA for Sale
$9,500,000 USD
Freestanding - FOR SALE
1/13
null | 7.15% Cap Rate

11299 San Pablo Ave
El Cerrito, CA 94530


HIGHLIGHTS

  • Del Norte Plaza - an outdoor mall comprised of retail, restaurant, and service commercial tenants
  • Parcel includes 50 parking spaces in large parking lot with 2 curb cuts onto busy San Pablo Avenue (State Route 123)
  • 11 electric charger stations available in parking lot in safe location
  • At signalized, hard corner intersection of Potrero Avenue and San Pablo Avenue (59,000 VPD); nearby access to I-80 (208,000 VPD)
  • Close proximity of many national tenants including nearby Safeway, Home Depot, Harbor Freight, Walgreen’s, and Starbucks

OVERVIEW

Multi-tenant investment opportunity – Del Norte Plaza. This outdoor mall consists of a diverse, e-commerce resistant tenant lineup comprised of retail, restaurant, and service commercial tenants – creating a stabilized stream for a new investor. Parcel includes 50 parking spaces in large parking lot with 2 curb cuts onto busy San Pablo Avenue. Leasable area: 25,645 RSF. Land area is .67 acre. CURRENT TENANTS: – Los Moles Restaurant – Little Caesars Pizza – Annapurna Mart – Gina Beauty Supply – Sunny Day Spa – Gina Beauty 4 U – Vasco Career College – Del Norte Liquors – Western Dental & Orthodontics Year built/remodeled: 1980. Ownership is Fee Simple (Land and Building Ownership). 11 electric charger stations available in parking lot in safe location. 198' frontage along San Pablo Avenue. Ideally located at signalized, hard corner intersection of Potrero Avenue and San Pablo Avenue (State Route 123) with 59,000 VPD. The site also benefits from nearby access to I-80 (208,000 VPD) making this an ideal, centralized location with easy commutes. Direct consumer base with strong regional/local tenants on a dense retail corridor within close proximity of many national tenants including nearby Safeway, Home Depot, Harbor Freight, Walgreen’s, and Starbucks. Strong demographics in 5-mile trade area, supported by over 200,000 residents and 80,000-100,000-plus daytime employees. Residents within a one-mile radius earn an average household income of $175,000. Adjacent to Post Office, across from Harbor Freight Hardware Store. Near El Cerrito and Del Norte BART. Easy freeway accessibility between both 1-80 and I-580, and the entire SF Bay Area.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Community Commercial (CC)

APN/PARCEL ID

509-410-004-6

ASK ABOUT THIS PROPERTY

Jonathan NewmanGordon Commercial Real Estate BrokerageMore Info
510-898-2122

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Jonathan NewmanGordon Commercial Real Estate BrokerageMore Info
510-898-2122

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