Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
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$1,150,000

$1,250,000

8.0%
Est.Price: ?

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Est. payment /mo

3,484 Sqft Lot


SOLD DATE : 10/24/2023

Key Details

Sold Price $1,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41032677

Sold Date 10/24/23

HOA Y/N No

Year Built 2005

Annual Tax Amount $8,223

Lot Size 3,484 Sqft

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.

Location

State CA

County Alameda

Zoning COM

Interior

Fireplace No

Exterior

Utilities Available Water Available

Total Parking Spaces 91

Others

Tax ID 49154611

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Steven Wang • CA Golden Properties
Bought with Steven Wang • CA Golden Properties
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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