1800 Solano Ave - Bank FOR SALE


Berkeley, CA 94707- Northbrae
$4,556,000 USD
650-678-7200
1800 Solano Ave, Berkeley, CA for Sale
$4,556,000 USD
Bank - FOR SALE
1/3
null | 5% Cap Rate

1800 Solano Ave
Berkeley, CA 94707
Northbrae


HIGHLIGHTS

  • 5+ years remaining on absolute net lease featuring 2% annual rental increases
  • Historic bank location – 45+ year operating history
  • Significant branch deposits – $433M
  • Zero landlord expense or maintenance obligations
  • Investment grade credit rating – S&P: A+
  • Extremely affluent Bay Area submarket – average household incomes of $ 234,000+ within a 1-mile radius of the subject property

OVERVIEW

Newly extended corporate Wells Fargo lease featuring 2% annual rental increases and one additional 5-year extension option. The subject property is located in Berkeley – an extremely affluent Bay Area submarket boasting average household incomes of $234,000 within a 1-mile radius of the subject property.

FOR SALE DETAILS

PRICE

$4,556,000 USD

PRICE/SF

$1,146 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,800 SF

ZONING

C-1A

APN/PARCEL ID

061-2612-001-00

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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