Emeryville, CA 94608,3996 San Pablo Ave
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Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave
Emeryville, CA 94608,3996 San Pablo Ave

$1,150,000

Est. payment /mo

$1,250,000

8.0%
Est.Price: ?

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3996 San Pablo Ave Emeryville, CA 94608

3,484 Sqft Lot

SOLD DATE : 10/24/2023

Key Details

Sold Price $1,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41032677

Sold Date 10/24/23

HOA Y/N No

Year Built 2005

Annual Tax Amount $8,223

Lot Size 3,484 Sqft

Property Description

NNN Investment Opportunity with In-Place CAP rate of 6.6% Annual 3% Increase in Lease. Newer 3 Contiguous Ground Floor Retail Commercial Condo units located in Excellent Emeryville Retail District. Great Visibility from High Traffic Count San Pablo Ave/40th St over 135,000 daily. Retail space is ground floor facing San Pablo Ave. w/125 Residential condos above. 2942sf contiguous and can be individually sold/rented into 3 units retail storefront consisting of (Ste H )939sf, (Ste I)945sf, and(Ste J) 920sf or rented out jointly. There are 2 recently constructed ADA approved restrooms, 3 separate HVAC system. 91 customer parking spaces designated for the retail shops. Across the Street from East Bay Bridge Shopping Center with National Retailer Target, Pak N Save(Safeway), Home Depot, Nordstorm Rack. Near major tech hub(Pixar), along Emery Go-Round route, easy access to freeway on and off ramp. Ste H, I, and J. Flexible Located on one of the busiest retail/commercial street in the east bay. Currently leased to one single tenant who has been operating for the past 5 years and had just exercised an option to extend the lease for additional 5 years through Feb 2029. Currently Lease include an annual 3% increase per year for the next 5 years.

Location

State CA

County Alameda

Zoning COM

Interior

Fireplace No

Exterior

Utilities Available Water Available

Total Parking Spaces 91

Others

Tax ID 49154611

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Steven Wang • CA Golden Properties
Bought with Steven Wang • CA Golden Properties

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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