937-972 San Pablo Ave - Storefront Retail/Office FOR SALE


Albany, CA 94706
$10,000,000 USD
510-898-2122
937-972 San Pablo Ave, Albany, CA for Sale
$10,000,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

937-972 San Pablo Ave
Albany, CA 94706


HIGHLIGHTS

  • Multi-tenant investment opportunity
  • Diverse, e-commerce resistant tenant lineup comprised of retail, restaurant, and service commercial tenants
  • Parcel includes apartments, 2 residential homes, and 73 parking spaces
  • Located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD
  • Strong demographics in 5-mile trade area, supported by 335,000 residents and 189,000 daytime employees
  • Centralized location with nearby access to high-traffic Marin Avenue, I-80, and the entire SF Bay Area. Less than 3 miles northwest from UC Berkeley

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Centre – Ideally Located Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

SPC

APN/PARCEL ID

066-2721-026-06

ASK ABOUT THIS PROPERTY

Jonathan NewmanGordon Commercial Real Estate BrokerageMore Info
510-898-2122

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Jonathan NewmanGordon Commercial Real Estate BrokerageMore Info
510-898-2122

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