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1823 Solano Ave 3,070 SF 100% Leased Retail Building Berkeley, CA 94707 $2,750,000 ($895.77/SF) 6.02% Cap Rate
Executive Summary
Triple net leased two tenant retail building (both with cafe/restaurant infrastructure) on Solano Avenue. One long term
leased space to Peet's coffee, and one short term lease to Oh G Burger. Generational asset in an extremely high trafficcorridor.
PROPERTY HIGHLIGHTS
High Profile Location
Generational Asset with Two Food Users
A mix of Strong National Tenancy and local eateries
Outdoor storage/trash area
HVAC
leased space to Peet's coffee, and one short term lease to Oh G Burger. Generational asset in an extremely high trafficcorridor.
PROPERTY HIGHLIGHTS
High Profile Location
Generational Asset with Two Food Users
A mix of Strong National Tenancy and local eateries
Outdoor storage/trash area
HVAC
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,070 SF
Building Class
C
Year Built
1926
Price
$2,750,000
Price Per SF
$895.77
Cap Rate
6.02%
NOI
$165,559
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.10 AC
Zoning
C-1A, Berkeley
Frontage
32’ on Solano Ave
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 061-2602-049-00 | Improvements Assessment | $2,397,560 |
| Land Assessment | $849,699 | Total Assessment | $3,247,259 |
Property Taxes
Parcel Number
061-2602-049-00
Land Assessment
$849,699
Improvements Assessment
$2,397,560
Total Assessment
$3,247,259
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1823 Solano Ave
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