1500-1512 Sunnyvale Ave - Freestanding FOR SALE


Walnut Creek, CA 94597- Outer Walnut Creek
$5,600,000 USD
925-974-0237
1500-1512 Sunnyvale Ave, Walnut Creek, CA for Sale
$5,600,000 USD
Freestanding - FOR SALE
1/2
null | 5.67% Cap Rate

1500-1512 Sunnyvale Ave
Walnut Creek, CA 94597
Outer Walnut Creek


HIGHLIGHTS

  • Rare opportunity to acquire a small retail center in Walnut Creek
  • 100% leased to a synergistic mix of 5 service, restaurant and retail tenants
  • Excellent visibility at a highly trafficked intersection
  • Tenants are destination oriented/ e-commerce resistants
  • Dedicated surface parking lot with 31 stalls
  • Excellent demographics with household incomes exceeding $160,000 in a 3 mile radius

OVERVIEW

Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire Sunnyvale Retail Center (the “Property” or “Center”) located at 1500-1512 Sunnyvale Avenue in Walnut Creek, California. The Property is one hundred percent leased by five tenants and benefits from excellent visibility at a highly trafficked signalized intersection with exposure to over 33,000 vehicles per day. Available for the first time in over twenty-five years, the Center offers a diversified rent roll with scheduled annual increases and a staggered lease expirations thus providing an attractive combination of stability and income growth.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$662 USD /SF

CAP RATE

5.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 100% Leased Walnut Creek Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

CR, Walnut Creek

APN/PARCEL ID

170-100-032-3

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

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