1611-1663 A St - Freestanding FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$6,195,000 USD
408-966-5919
1611-1663 A St, Antioch, CA for Sale
$6,195,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

1611-1663 A St
Antioch, CA 94509
Pittsburg/Antioch


OVERVIEW

STRONG IN-PLACE CASH FLOW • 7.0% in-place cap rate with strong existing income • Upside to ~9.0%+ stabilized return (3 Vacant Units) • NNN lease structure with minimal landlord expenses TREMENDOUS VALUE ADD OPPORTUNITY • In-place rents average ~$0.87/SF (NNN), well below market levels, providing significant mark-to-market upside. • ±11,500 SF of vacancy provides immediate lease-up opportunity • Opportunity to significantly grow NOI through stabilization BELOW REPLACEMENT COST & MARKET PRICE PER/SF • Attractive basis at ~$148/SF, below comparable retail sales • Significantly below replacement cost with substantial upside potential PRIME RETAIL CORRIDOR • AutoZone-anchored center driving daily traffic • Positioned on a high-traffic corridor (~20,000+ VPD) • Surrounded by national retailers (Starbucks, Taco Bell, Wells Fargo, etc.) • Dense infill location with built-in customer base MULTI-TENANT RETAIL CENTER • ±41,638 SF retail center on a 2.45-acre lot • Building size per public record is 44,440 SF, rent roll reflects approximately 41,638 SF (Buyer to verify). • 15-unit multi-tenant property • Constructed in 1964 • ±100 parking spaces (±2.4/1,000 SF ratio)

FOR SALE DETAILS

PRICE

$6,195,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.0% CAP RATE - RARE VALUE-ADD WITH UPSIDE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

CR

APN/PARCEL ID

065-183-035-8

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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