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3417-3421 Grand Ave 5,220 SF 100% Leased Retail Building Oakland, CA 94610 $1,600,000 ($306.51/SF) 6.51% Cap Rate
Investment Highlights
- price reduction!
- LOW VACANCY, LOW MANAGEMENT
- SMALL OFFICES CATER TO NEIGHBORING RESIDENTIAL
Executive Summary
PRIME GRAND AVE/LAKESHORE COMMERCIAL PROPERTY
TWO STORY MASONRY BUILDING WITH TWO STOREFRONTS AND THREE OFFICES
BUILDING AREA 5602 SF, LAND AREA 3929SF
SHORT TERM LEASES, LONG TERM MTM TENANTS, BELOW MKT RENTS
TWO STORY MASONRY BUILDING WITH TWO STOREFRONTS AND THREE OFFICES
BUILDING AREA 5602 SF, LAND AREA 3929SF
SHORT TERM LEASES, LONG TERM MTM TENANTS, BELOW MKT RENTS
Data Room Click Here to Access
- Operating and Financials
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,220 SF
Building Class
C
Year Built
1949
Price
$1,600,000
Price Per SF
$306.51
Cap Rate
6.51%
NOI
$104,099
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.09 AC
Zoning
CN-2
Frontage
43’ on Grand Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Real Estate
- -
- -
- -
Investco is a dedicated team of professionals who manage, direct, and grow a large portfolio of operating businesses and real estate assets including residential, commercial, industrial, and agricultural properties. They’ve been in business since 1983 with a laser focus on creating and building lasting value for generations. They have over 100 industrial tenants across more than 4.7 million SF, with land holdings to build another 4 million square feet. Their industrial portfolio includes properties in Washington, Oregon, California, Nevada, and Idaho with Nordstrom, Helly Hansen, DHL, and Michael's as notable tenants.
- Oakland Body Therapy
- Services
- -
- -
- -
- Shogun Japanese Sushi & Grill
- Retailer
- -
- -
- -
- Traci Nail Salon
- Services
- -
- -
- -
- Traci's Nails
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- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Real Estate | - | - | - | ||
| Oakland Body Therapy | Services | - | - | - | ||
| Shogun Japanese Sushi & Grill | Retailer | - | - | - | ||
| Traci Nail Salon | Services | - | - | - | ||
| Traci's Nails | - | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-0827-070-00 | Improvements Assessment | $1,055,031 |
| Land Assessment | $200,958 | Total Assessment | $1,255,989 |
Property Taxes
Parcel Number
010-0827-070-00
Land Assessment
$200,958
Improvements Assessment
$1,055,031
Total Assessment
$1,255,989
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3417-3421 Grand Ave