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2550 Shattuck Ave 14,000 SF 100% Leased Office Building Berkeley, CA 94704 $3,990,000 ($285/SF) 5.41% Cap Rate
Investment Highlights
- Versatile C-2 Zoning
- Owner/User Opportunity
- Covered Land Play for Future Development
- Prime Berkeley Location
- NNN Single Tenant
Executive Summary
SVN Pacific Commercial Advisors is pleased to present 2550 Shattuck Avenue, a rare opportunity to acquire a ±14,260 square foot commercial building situated on a ±12,862 square foot parcel in the heart of Berkeley. The property is currently occupied by an educational user under a triple-net (NNN) lease, providing investors with a stable income stream while the tenant is responsible for property taxes, insurance, maintenance, and operating expenses.
Located along the Shattuck Avenue corridor, the property benefits from strong visibility, convenient access to Downtown Berkeley, UC Berkeley, BART, and surrounding neighborhood amenities. The building's substantial size, on-site parking, and strategic location create a unique opportunity for continued commercial use, owner-user occupancy, or long-term repositioning.
In addition to its existing income stream, buyers may wish to evaluate future mixed-use redevelopment opportunities, potentially incorporating ground-floor commercial space with multifamily residential units above, subject to independent verification and City of Berkeley approvals.
Located along the Shattuck Avenue corridor, the property benefits from strong visibility, convenient access to Downtown Berkeley, UC Berkeley, BART, and surrounding neighborhood amenities. The building's substantial size, on-site parking, and strategic location create a unique opportunity for continued commercial use, owner-user occupancy, or long-term repositioning.
In addition to its existing income stream, buyers may wish to evaluate future mixed-use redevelopment opportunities, potentially incorporating ground-floor commercial space with multifamily residential units above, subject to independent verification and City of Berkeley approvals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,000 SF
Building Class
B
Year Built
1983
Price
$3,990,000
Price Per SF
$285
Cap Rate
5.41%
NOI
$215,859
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,084 SF
Building FAR
1.00
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-2, Berkeley - Supports a wide range of commercial and institutional uses while offering future mixed-use redevelopment potential.
Parking
18 Spaces (0.07 Spaces per 1,000 SF Leased)
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 055-1821-001-01 | Improvements Assessment | $2,587,326 |
| Land Assessment | $894,135 | Total Assessment | $3,481,461 |
Property Taxes
Parcel Number
055-1821-001-01
Land Assessment
$894,135
Improvements Assessment
$2,587,326
Total Assessment
$3,481,461
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2550 Shattuck Ave
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