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- LoopNet Team
22164-22168 Mission Blvd
Hayward, CA 94541
BACK ON THE MARKET- SUBMIT ALL OFFERS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Highly visible Mission Boulevard retail location
- 9,000 square foot lot
- Earthquake retrofit done in 2003
- 4,875 square foot building
- Fenced and gated secure parking
- Units are desperately metered for electricity
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Signage
ABOUT 22164-22168 MISSION BLVD , HAYWARD, CA 94541
Avison Young is pleased to present the offering for the sale of 22164-22168 Mission Boulevard, Hayward California. The property being offers is a two tenant storefront free standing retail building located in the heart of Hayward's Mission Boulevard business district. One of the two units is currently vacant offing an ideal opportunity for an owner-user to operat in half of hte buillding while capitalizing on the second tenants rental income. This is also a chance for an investor to increase the vacant space to today's market rent. There is good upside potential in the current rents as the current tenant in place is only paying $1.18/sf modified gross. Market rents for this type of space are $1.50 NNN-$1.60 NNN. Using $1.50 NNN over the entire building of 4,875 square feet, a buyer could achieve an NOI of $87,750 per year. This provides a potential buyer a cap rate of 7.34% based on the projected income with the net charges running a very reasonable $.29/square foot.
PROPERTY TAXES
| Parcel Number | 428-0031-019-00 | Improvements Assessment | $480,412 |
| Land Assessment | $288,247 | Total Assessment | $768,659 |
PROPERTY TAXES
