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3811-3821 Railroad Ave 5,950 SF 100% Leased Retail Building Pittsburg, CA 94565 $2,654,813 ($446.19/SF) 7% Cap Rate
Investment Highlights
- Inside city major business district, next to residential neighborhood
Executive Summary
A Fully occupied value added investment opportunity with about 4.5% annual rent and NNN increasing every year.
Very stable tenant base, all of units are occupied by service type tenants.
Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled.
Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass.
On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood.
APN/Tax ID: 088-072-068-5
Year Built: 1963, remodeled: 2016
Lot Square Feet: 22463.79 sf
Building Square Feet: 5950 sf
The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.
Very stable tenant base, all of units are occupied by service type tenants.
Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled.
Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass.
On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood.
APN/Tax ID: 088-072-068-5
Year Built: 1963, remodeled: 2016
Lot Square Feet: 22463.79 sf
Building Square Feet: 5950 sf
The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
5,950 SF
Building Class
C
Year Built/Renovated
1962/2016
Price
$2,654,813
Price Per SF
$446.19
Cap Rate
7%
NOI
$185,837
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
Neighborhood Commercial
Parking
10 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
135’ on Railroad Ave
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 088-072-068-5 | Improvements Assessment | $321,273 |
| Land Assessment | $277,065 | Total Assessment | $598,338 |
Property Taxes
Parcel Number
088-072-068-5
Land Assessment
$277,065
Improvements Assessment
$321,273
Total Assessment
$598,338
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ProMax Investment and Development
3811-3821 Railroad Ave
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