3996 San Pablo Ave, Emeryville, CA 94608
- $1,150,000
Listed by Steven Wang, (408) 309-8920 from CA Golden Properties
(If provided) CoList: from
Sold listing courtesy of Steven Wang from STYR01
- Sold Price
- $1,150,000
- List Price
- $1,250,000
- Closing Date
- Oct 24, 2023
- MLS#
- BE41032677
- Status
- SOLD
- Lot Size
- 915
- Listing Area
- Other Area
- Year Built
- 2005
Property Description
NNN Investment Opportunity with In-Place CAP rate of 6.6% Annual 3% Increase in Lease. Newer 3 Contiguous Ground Floor Retail Commercial Condo units located in Excellent Emeryville Retail District. Great Visibility from High Traffic Count San Pablo Ave/40th St over 135,000 daily. Retail space is ground floor facing San Pablo Ave. w/125 Residential condos above. 2942sf contiguous and can be individually sold/rented into 3 units retail storefront consisting of (Ste H )939sf, (Ste I)945sf, and(Ste J) 920sf or rented out jointly. There are 2 recently constructed ADA approved restrooms, 3 separate HVAC system. 91 customer parking spaces designated for the retail shops. Across the Street from East Bay Bridge Shopping Center with National Retailer Target, Pak N Save(Safeway), Home Depot, Nordstorm Rack. Near major tech hub(Pixar), along Emery Go-Round route, easy access to freeway on and off ramp. Ste H, I, and J. Flexible Located on one of the busiest retail/commercial street in the east bay. Currently leased to one single tenant who has been operating for the past 5 years and had just exercised an option to extend the lease for additional 5 years through Feb 2029. Currently Lease include an annual 3% increase per year for the next 5 years.
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Additional Information
- Acres
- 0.08
- Age
- 18
- Cooling System
- Central -1 Zone
- Days On Market
- Unknown
- Exterior Features
- Concrete
- Floor Covering
- Concrete
- Lot Size
- 915
- Neighborhood
- Other Area
- Other Utilities
- Electricity - On Site, Electricity - 60 Amps or Less, Sewer - Public
- Present Use
- Retail
- Roof
- Other
- Unincorporated Yn
- Yes
- Zoning
- COM
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