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Updated Pricing! Albany office! 828 San Pablo Ave 17,779 SF Office Building Albany, CA 94706 $3,995,000 ($224.70/SF) 4.81% Cap Rate
EXECUTIVE SUMMARY
The subject property is a large multi-tenant office building, located on the busy street of San Pablo Avenue in the City of Albany. The building has been well cared for by current ownership with many upgrades including a new roof, common area upgrades and electrical replacement. The diverse tenant base provides a stable income stream with upside on turnover. Further upgrades to the property, including solar, could help lower operating costs long term.
Ideally located a half block from Solano Ave, a historic main thoroughfare running from Albany up to Berkeley, this eclectic commercial zone is home to a diverse commercial tenant base with many local favorites. Nearby residents and out of town guests flock to the area for the dining, retail, and entertainment offerings. Rivoli Restaurant, Therapy Store, Noah's, Solano Cellars, Peet's Coffee, and Andronico's are some of the many options on Solano Ave. With the 80/580 Freeways, San Pablo Ave, and two BART stations within close proximity, this location is highly accessible for patrons from all over.
Ideally located a half block from Solano Ave, a historic main thoroughfare running from Albany up to Berkeley, this eclectic commercial zone is home to a diverse commercial tenant base with many local favorites. Nearby residents and out of town guests flock to the area for the dining, retail, and entertainment offerings. Rivoli Restaurant, Therapy Store, Noah's, Solano Cellars, Peet's Coffee, and Andronico's are some of the many options on Solano Ave. With the 80/580 Freeways, San Pablo Ave, and two BART stations within close proximity, this location is highly accessible for patrons from all over.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
17,779 SF
Building Class
B
Year Built
1981
Price
$3,995,000
Price Per SF
$224.70
Cap Rate
4.81%
NOI
$192,000
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,889 SF
Slab To Slab
10’
Building FAR
1.24
Lot Size
0.33 AC
Zoning
SPC
Parking
22 Spaces (1.24 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Bus Line
- Signage
- Skylights
- Central Heating
- High Ceilings
- Natural Light
- Drop Ceiling
- Air Conditioning
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Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 066-2791-008-02 | Improvements Assessment | $3,154,751 |
| Land Assessment | $2,043,077 | Total Assessment | $5,197,828 |
PROPERTY TAXES
Parcel Number
066-2791-008-02
Land Assessment
$2,043,077
Improvements Assessment
$3,154,751
Total Assessment
$5,197,828
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Updated Pricing! Albany office! | 828 San Pablo Ave
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