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1429-1433 High St 4,250 SF 100% Leased Retail Building Alameda, CA 94501 $2,303,268 CAD ($541.95 CAD/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location
- Possible owner occupant opportunity.
- Classic architecture
EXECUTIVE SUMMARY
An historic building (though not on Alameda City Historical Buildings Lists) in a fantastic location across from Lincoln Park, on main bus line, and close to amenities like Encinal Market.
Property may be purchased for a reliable income stream with a solid tenant base, with possibility of negotiating middle space (1431) for owner occupant. Buyer must independently verify any and all potential requirements and/or restrictions, as part of their own due diligence.
The modified gross leases help to minimize the expenses of maintenance, utilities and taxes!
Property may be purchased for a reliable income stream with a solid tenant base, with possibility of negotiating middle space (1431) for owner occupant. Buyer must independently verify any and all potential requirements and/or restrictions, as part of their own due diligence.
The modified gross leases help to minimize the expenses of maintenance, utilities and taxes!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$155,476
|
$36.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$155,476
|
$36.58
|
| Taxes |
$5,976
|
$1.41
|
| Operating Expenses |
$11,131
|
$2.62
|
| Total Expenses |
$17,107
|
$4.03
|
| Net Operating Income |
$138,369
|
$32.56
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $155,476 |
| Annual Per SF | $36.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $155,476 |
| Annual Per SF | $36.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,976 |
| Annual Per SF | $1.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,131 |
| Annual Per SF | $2.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,107 |
| Annual Per SF | $4.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $138,369 |
| Annual Per SF | $32.56 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,250 SF
Building Class
C
Year Built
1910
Price
$2,303,268 CAD
Price Per SF
$541.95 CAD
Cap Rate
6.01%
NOI
$138,368 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.15 AC
Zoning
C4 - Commercial mixed use
Parking
5 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
163’ on High St /Santa Clara
AMENITIES
- Mezzanine
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cycle City
- Retailer
- 2,100 SF
- $35.93 CAD
- Modified Gross
- Mar 2027
- Joy Kids USA
- Services
- 2,100 SF
- $38.09 CAD
- Modified Gross
- Aug 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cycle City | Retailer | 2,100 SF | $35.93 CAD | Modified Gross | Mar 2027 | |
| Joy Kids USA | Services | 2,100 SF | $38.09 CAD | Modified Gross | Aug 2027 |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 069-0094-004-02 | Total Assessment | $2,410,792 CAD (2025) |
| Land Assessment | $818,208 CAD (2025) | Annual Taxes | $5,976 CAD ($1.41 CAD/SF) |
| Improvements Assessment | $1,592,584 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
069-0094-004-02
Land Assessment
$818,208 CAD (2025)
Improvements Assessment
$1,592,584 CAD (2025)
Total Assessment
$2,410,792 CAD (2025)
Annual Taxes
$5,976 CAD ($1.41 CAD/SF)
Tax Year
2024
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1429-1433 High St
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