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1883-1885 Solano Ave 3,637 SF 100% Leased Retail Building Berkeley, CA 94707 $1,650,000 ($453.67/SF) 5.41% Cap Rate
Executive Summary
PROPERTY OVERVIEW
Fully leased two tenant retail building in a prime Solano Avenue location. One unit is leased to Noah's Bagels Corporate,
the other unit is leased to a local nail salon. There is a rear trash/storage area, and additional production/storage structure
for Noah's.
PROPERTY HIGHLIGHTS
Fully leased two tenant retail building including one national food operator
Prime High-traffic location located right new to the newly renovated Oaks Climbing gym (touchstone)
Long term stable leases
Back storage area with additional production/storage structure
HVAC
Fully leased two tenant retail building in a prime Solano Avenue location. One unit is leased to Noah's Bagels Corporate,
the other unit is leased to a local nail salon. There is a rear trash/storage area, and additional production/storage structure
for Noah's.
PROPERTY HIGHLIGHTS
Fully leased two tenant retail building including one national food operator
Prime High-traffic location located right new to the newly renovated Oaks Climbing gym (touchstone)
Long term stable leases
Back storage area with additional production/storage structure
HVAC
Property Facts In Escrow
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,637 SF
Building Class
C
Year Built
1940
Price
$1,650,000
Price Per SF
$453.67
Cap Rate
5.41%
NOI
$89,288
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.09 AC
Zoning
C-SO, Berkeley
Frontage
54’ on Solano Ave
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Kay Nail Salon
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Kay Nail Salon | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 061-2602-037-00 | Improvements Assessment | $1,206,898 |
| Land Assessment | $741,457 | Total Assessment | $1,948,355 |
Property Taxes
Parcel Number
061-2602-037-00
Land Assessment
$741,457
Improvements Assessment
$1,206,898
Total Assessment
$1,948,355
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1883-1885 Solano Ave
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