= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Shopping Center For Sale, Alameda, CA or California

Shopping Center For Sale

951 Marina Village Parkway

951 Marina Village Parkway, Alameda, CA 94501

Price:
$2,785,000
Gross Leasable Area:
6,132 SF
Price/SF:
$454.17
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Retail Pad
Power Center
Property Use Type:
Net Lease Investment with 4 years left on lease
Cap Rate:
7.21%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1992
Lot Size:
0.62 AC
Find Out More...

Last Verified 10/1/2009 Listing ID 16304231

Highlights

Three-Tenant NNN Retail Center
100% Leased
Assumable Below Market Debt @ 5.5% fixed till 2030

Current Cash on Cash Return 5.86%
Fronts Marina Village Shopping Center
Center anchored by Lucky Supermarkets and CVS Pharmacy

Description

A Three-Tenant 100% leased Retail Strip.

Tenants: Chase, Quiznos, HairMasters.

Built: 1992

Retail Center anchored by Lucky Supermarket and CVS Pharmacy

Situated on a prominent front parcel at the entrance to the successful Marina Village Shopping Center, Alameda, CA.

Attachments

Enhanced Listing Web Site

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$200,746
Effective Gross Income
$302,901
Operating Expenses
$102,155
Net Operating Income
$200,746

Tenant	SF Occupied	Lease Expired
Chase	4,172	9/1/2013
Quiznos	921	3/1/2014
HairMasters	904	10/1/2010

Map of 951 Marina Village Parkway, Alameda, CA 94501 (Alameda County)

Hide Map

Contact Listing Broker to find out more details.

Presented by

Request additional information

Contact Listing Broker

Cherie Huillade (925) 274-2417

Mark Hinkins (925) 274-2439

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 7/2/2009

Additional Information for 951 Marina Village Parkway, Alameda, CA 94501

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 951 Marina Village Parkway, Alameda, CA 94501

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Marina Village Shopping Center
$0.01/SF/Month
5,000 SF
Marina Village Shopping Center
$1.75 - $2.15/SF/Month
843 - 2,500 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Neighborhood Center
Sold 3Q 2007
Neighborhood Center
Sold 3Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Shopping Center Property For Sale -

951 Marina Village Parkway, Alameda, CA, 94501