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 | 7.54% 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

Del Norte Plaza presents an opportunity to acquire a stabilized multi-tenant retail investment in the East Bay market of El Cerrito, California. The property features a diversified mix of retail, restaurant, educational, healthcare, and service-oriented tenants, creating multiple income streams supported by businesses that serve daily consumer needs. Current tenants include Los Moles Restaurant, Little Caesars Pizza, Annapurna Mart, Gina Beauty Supply, Sunny Day Spa, Gina Beauty 4 U, Vasco Career College, Del Norte Liquors, and Western Dental & Orthodontics. Positioned at the signalized hard corner of San Pablo Avenue (State Route 123) and Potrero Avenue, the property benefits from approximately 198 feet of frontage along a major commercial corridor with traffic counts reported at approximately 59,000 vehicles per day. The site includes a large surface parking field with approximately 50 parking spaces, 11 electric vehicle charging stations, and two curb cuts providing convenient ingress and egress. The location offers direct connectivity to Interstate 80, which carries approximately 208,000 vehicles per day, providing access throughout the San Francisco Bay Area. The property is located near both El Cerrito Plaza and Del Norte BART stations, supporting regional accessibility for customers and employees. Surrounding retailers and demand generators include Safeway, Home Depot, Harbor Freight, Walgreens, Starbucks, and the adjacent United States Post Office. The surrounding trade area is supported by a substantial residential and employment base, with more than 200,000 residents within five miles and significant daytime employment concentrations throughout the East Bay. The combination of established tenancy, regional accessibility, consumer visibility, and a dense commercial setting positions Del Norte Plaza as a long-term retail investment opportunity within a mature Bay Area market.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

7.54%

% 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

2.32 AC

LAND SF

101,101 SF

ZONING

CC

APN/PARCEL ID

509-410-002-0,509-410-003-8,509-410-004-6

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.