10819-10829 San Pablo Ave
El Cerrito, CA 94530
Retail Property For Sale

At a CAP rate of 6.1%, the offering comprises a 3-building compound at the signalized intersection of Schmidt Lane, kitty-corner Marshall’s Shopping Center, one block from the new El Cerrito City Hall complex, across the street from 4-city-block El Cerrito Town Center retail / residential development, in the heart of a planned ±2,000 new residential units along the San Pablo Avenue corridor in El Cerrito. All buildings are in good condition with the house and the middle building being rebuilt from the studs up by the current owner, a high-end commercial and residential contractor. The property is fully leased and contains 4 units in total – 2 small retail units in front, a middle commercial building currently leased to a spa, and a detached 2BD/1BA house in the rear of the property. Historically, there’s been very low vacancy and two of the commercial tenants recently signed new lease extensions, demonstrating their commitment to this property. All 4 units are metered separately for utilities making this property easy to manage. Showings by appointment only, do not disturb tenants.