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411-413 Ferry St 9,255 SF 100% Leased Retail Building Martinez, CA 94553 $1,381,000 ($149.22/SF) 3.10% Cap Rate
Executive Summary
Handsome Retail/Office opportunity in blossoming Downtown Martinez.
Freshly repainted building, and was remodeled/upgraded in 2005. Features 2 possible Owner/User street-level retail spaces with high visibility. 7 office suites are upstairs and share a conference area, breakroom, outdoor patio, and 2 bathrooms.
Located at the gateway to Waterfront Park and the Marina, with the busy Amtrak Station one block away. Restaurants nearby, including the burgeoning Martinez nightlife scene, adding to the vibrancy of the area. Ample parking available across the street.
Below market rents offer a great upside. Major renovations in 2005 included electrical, roof, and plumbing along with other upgrades.
Don't miss this rare opportunity to get a working, well-functioning and well located asset into your portfolio.
Freshly repainted building, and was remodeled/upgraded in 2005. Features 2 possible Owner/User street-level retail spaces with high visibility. 7 office suites are upstairs and share a conference area, breakroom, outdoor patio, and 2 bathrooms.
Located at the gateway to Waterfront Park and the Marina, with the busy Amtrak Station one block away. Restaurants nearby, including the burgeoning Martinez nightlife scene, adding to the vibrancy of the area. Ample parking available across the street.
Below market rents offer a great upside. Major renovations in 2005 included electrical, roof, and plumbing along with other upgrades.
Don't miss this rare opportunity to get a working, well-functioning and well located asset into your portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,255 SF
Building Class
C
Year Built/Renovated
1916/2005
Price
$1,381,000
Price Per SF
$149.22
Cap Rate
3.10%
NOI
$42,811
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.77
Lot Size
0.12 AC
Zoning
Commercial
Parking
10 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 373-172-003-7 | Improvements Assessment | $926,948 |
| Land Assessment | $209,078 | Total Assessment | $1,136,026 |
Property Taxes
Parcel Number
373-172-003-7
Land Assessment
$209,078
Improvements Assessment
$926,948
Total Assessment
$1,136,026
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411-413 Ferry St
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