The subject property is a large multi-tenant office building, located on the busy street of San Pablo Avenue in the City of Albany. The building has been well cared for by current ownership with many upgrades including a new roof, common area upgrades and electrical replacement. The diverse tenant base provides a stable income stream with upside on turnover. Further upgrades to the property, including solar, could help lower operating costs long term.
Ideally located a half block from Solano Ave, a historic main thoroughfare running from Albany up to Berkeley, this eclectic commercial zone is home to a diverse commercial tenant base with many local favorites. Nearby residents and out of town guests flock to the area for the dining, retail, and entertainment offerings. Rivoli Restaurant, Therapy Store, Noah's, Solano Cellars, Peet's Coffee, and Andronico's are some of the many options on Solano Ave. With the 80/580 Freeways, San Pablo Ave, and two BART stations within close proximity, this location is highly accessible for patrons from all over.