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- LoopNet Team
3634 MacDonald Ave
Richmond, CA 94805
Citibank Richmond, California · Land For Sale
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0.29 AC
PROPERTY FACTS
DESCRIPTION
listed at $2,351,000 making it a 5.7% CAP rate for a NNN stable investment grade long term tenant in the Bay Area with 1.5 percent annual rent increases! Highlights: 1) stabilized investment grade tenant - Citibank 2) 1.5% annual increases in rent 3) 5.7 % CAP rate 4) Total term: 30 years ( Original lease signed in 2014 which expires in 2024 plus Four 5 year options ) 5) Citibank has waived its termination clause recently, showing commitment to the site. 6) future re-development opportunity (mixed used)- 20 apartments and 5000 sqft retail (buyer to verify) 7) High density transit oriented downtown location
PROPERTY TAXES
| Parcel Number | 516-210-011-8 | Improvements Assessment | $1,957,624 |
| Land Assessment | $546,820 | Total Assessment | $2,504,444 |
PROPERTY TAXES
