Multi-tenant investment opportunity. The shopping center consists of a diverse, e-commerce resistant tenant lineup comprised of retail, restaurant, and service commercial tenants – creating a stabilized stream for a new investor. Parcel includes apartments, 2 residential homes, and 73 parking spaces.
Year built/remodeled: 1969/1973.
Land area: 1.29 acres.
Price per SF: $405.
Net operating income: $547,083.
Occupancy: 96%.
Ownership is Fee Simple (Land and Building Ownership).
Located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD.
Centralized location with nearby access to high-traffic Marin Avenue, I-80, and the entire SF Bay Area.
Direct consumer base with strong national/credit tenants on a dense retail corridor within close proximity of multiple national/credit tenants including Target, Whole Foods, Sprouts Market, Petfood Express, REI, Walgreens, Tesla, Chipotle, Office Depot, Boichik Bagels, Habit Burger, and Philz Coffee.
Less than 3 miles northwest from UC Berkeley (over 69,000 daily population).
Strong demographics in 5-mile trade area, supported by 335,000 residents and 189,000 daytime employees.
Residents within a one-mile radius earn an extremely affluent average household income of more than $194,000.