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Solano Professional Building 1758-1760 Solano Ave 18,819 SF 100% Leased Retail Building Berkeley, CA 94707 $8,957,184 CAD ($475.96 CAD/SF) 5.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Stabilized Berkeley Hills Asset: 18,819-SF 3-story office building featuring 19 suites with diversified professional tenancy and 100% occupancy.
- Recent Capital Improvements: Comprehensive modernization program completed under current ownership, reducing near-term CapEx requirements.
- Prime Solano Avenue Location: Situated in the heart of Berkeley Hills with a Walker's Paradise Score of 94, along a historic main thoroughfare.
- Strong Parking Ratio: 19 gated parking spaces providing excellent parking coverage for tenants in a highly walkable Berkeley Hills location.
- Significant Rent Growth Upside: Current rents average $43.11/SF/month, with market rents at $54.03/SF/month.
- Turnkey Investment Opportunity: Fully renovated and modernized building systems, professional wayfinding and directory, and move-in-ready suites.
EXECUTIVE SUMMARY
1760 Solano Avenue presents a rare opportunity to own a fully occupied, pride-of-ownership mixed-use asset in North Berkeley. The three-story, 18,819-square-foot building features a ground-floor retail suite and 18 professionally renovated office suites above, supported by 19 gated parking spaces.
Under current ownership, the property has benefited from substantial capital improvements, including new build-outs, modernized common areas, and upgraded building systems. With strong tenancy in place and proven demand along Solano Avenue, this stabilized asset is positioned to deliver reliable cash flow with additional rent growth potential as leases roll.
Situated on Solano Avenue in the heart of North Berkeley, this property benefits from one of East Bay’s most vibrant retail and professional corridors. Solano Avenue is a celebrated destination lined with boutiques, cafés, restaurants, and neighborhood services that attract steady foot traffic from Berkeley Hills, Albany, and Kensington residents. The property enjoys a Walker’s Paradise score and excellent transit connections, offering tenants and visitors convenient access while being surrounded by a dynamic mix of local institutions and cultural amenities. Solano Avenue’s enduring popularity and strong demographics make it a premier location for long-term investment stability.
Under current ownership, the property has benefited from substantial capital improvements, including new build-outs, modernized common areas, and upgraded building systems. With strong tenancy in place and proven demand along Solano Avenue, this stabilized asset is positioned to deliver reliable cash flow with additional rent growth potential as leases roll.
Situated on Solano Avenue in the heart of North Berkeley, this property benefits from one of East Bay’s most vibrant retail and professional corridors. Solano Avenue is a celebrated destination lined with boutiques, cafés, restaurants, and neighborhood services that attract steady foot traffic from Berkeley Hills, Albany, and Kensington residents. The property enjoys a Walker’s Paradise score and excellent transit connections, offering tenants and visitors convenient access while being surrounded by a dynamic mix of local institutions and cultural amenities. Solano Avenue’s enduring popularity and strong demographics make it a premier location for long-term investment stability.
SALE FLYER
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,819 SF
Building Class
B
Year Built
1966
Price
$8,957,184 CAD
Price Per SF
$475.96 CAD
Cap Rate
5.46%
NOI
$488,828 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.80
Lot Size
0.24 AC
Zoning
C-SO - Solano Avenue Commercial District
Parking
19 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
104’ on Solano Ave
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (91)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
29,926
174,178
321,752
565,322
2029 Population
28,975
169,918
314,768
568,679
2024-2029 Projected Population Growth
-3.2%
-2.5%
-2.2%
0.6%
Median Age
48.5
36.2
38.4
39.6
College Degree + Higher
77%
66%
60%
30%
Daytime Employees
9,436
117,167
184,911
323,955
Total Businesses
1,779
11,628
22,321
40,784
Average Household Income
$182,265
$136,120
$139,241
$138,545
Median Household Income
$163,175
$100,212
$104,951
$106,018
Total Consumer Spending
$560.4M
$2.5B
$4.8B
$7.9B
2024 Households
12,153
67,158
127,003
223,679
Average Home Value
$1,067,072
$997,033
$940,367
$902,268
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Vanessa's Bistro | Bistro | $$ | 2 min walk |
| Starbucks | Cafe | $ | 2 min walk |
| Jamba Juice | - | - | 2 min walk |
| Noah's New York Bagels | Bagels | $ | 4 min walk |
| Organic Greens | - | - | 5 min walk |
| Squabisch Pretzels | Bakery | $$$ | 5 min walk |
| Barney's Gourmet Hamburgers | American | $$$ | 5 min walk |
| Domino's Pizza | - | - | 10 min walk |
| Bowl'd BBQ | Vegan | $$$ | 9 min walk |
| Espresso Roma | Coffee | $ | 16 min walk |
RETAIL |
||
|---|---|---|
| Anytime Fitness | Fitness | 2 min walk |
| Chase Bank | Bank | 4 min walk |
| VCA Animal Hospitals | Animal Care/Groom | 6 min walk |
| 7-eleven | Convenience Market | 6 min walk |
| Safeway | Supermarket | 8 min walk |
| Orangetheory Fitness | Fitness | 8 min walk |
| Supercuts | Salon/Barber/Spa | 11 min walk |
| CVS Pharmacy | Drug Store | 12 min walk |
HOTELS |
|
|---|---|
| Signature Inn |
29 rooms
6 min drive
|
| Holiday Inn Express |
72 rooms
6 min drive
|
| SureStay Collection |
31 rooms
7 min drive
|
| Graduate Hotel |
144 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 061-2613-005-01 | Improvements Assessment | $1,653,770 CAD |
| Land Assessment | $2,111,957 CAD | Total Assessment | $3,765,726 CAD |
PROPERTY TAXES
Parcel Number
061-2613-005-01
Land Assessment
$2,111,957 CAD
Improvements Assessment
$1,653,770 CAD
Total Assessment
$3,765,726 CAD
SALE ADVISORS
SALE ADVISORS
James Kilpatrick, President, Chief Operating Officer
James Kilpatrick is the President of NAI Northern California. His career began in 1998 with a major national firm specializing in investment property brokerage where he received numerous achievement awards. He has been involved in investment transactions exceeding $1 Billion across most product categories and oversees the day to day operations, strategic expansion of the firm and large account management.
Mr. Kilpatrick is a San Francisco Bay Area native with ownership, management, syndication and debt structuring experience across most product types. He has had various positions from board of directors appointments to President of various real estate organizations. He has also been a regular contributing writer for newsletters and trade journals of organizations such as the Berkeley Property Owners Association (BPOA) and RHA (Rental Housing Association of northern Alameda county). He is a member of the Rental Housing Owners Group (RHO), the Investment Marketing Forum (IMF) and Investment Property Marketing Group (IPMG). In addition to the above, Mr. Kilpatrick has experience in distressed asset sales, expert witness work, portfolio valuations, condominium and subdivision work, bankruptcy and trustee’s sales, sale leasebacks and other more complicated transactions.
Mr. Kilpatrick is a San Francisco Bay Area native with ownership, management, syndication and debt structuring experience across most product types. He has had various positions from board of directors appointments to President of various real estate organizations. He has also been a regular contributing writer for newsletters and trade journals of organizations such as the Berkeley Property Owners Association (BPOA) and RHA (Rental Housing Association of northern Alameda county). He is a member of the Rental Housing Owners Group (RHO), the Investment Marketing Forum (IMF) and Investment Property Marketing Group (IPMG). In addition to the above, Mr. Kilpatrick has experience in distressed asset sales, expert witness work, portfolio valuations, condominium and subdivision work, bankruptcy and trustee’s sales, sale leasebacks and other more complicated transactions.
Seth Hubbert, Investment Advisor
Seth is an Investment Advisor at NAI Northern California, specializing in transacting multifamily assets in the Bay Area. Seth has a strong leadership, analytical, and service background, providing the highest-level value to clients.
Seth has grown and led several successful businesses, including Five Iron Financial, a real estate investment firm renovating distressed property and operating housing in high-growth regions in the United States. He also previously served as the CEO of Tech Exchange, providing 45,000 computers to students and families during the height of the pandemic.
Holding degrees in Physics and Education, Seth masterfully blends quantitative analysis with client guidance and support. When not immersed in real estate, you’ll find Seth coaching youth sports, serving on community boards, and volunteering at his children’s school.
Seth has grown and led several successful businesses, including Five Iron Financial, a real estate investment firm renovating distressed property and operating housing in high-growth regions in the United States. He also previously served as the CEO of Tech Exchange, providing 45,000 computers to students and families during the height of the pandemic.
Holding degrees in Physics and Education, Seth masterfully blends quantitative analysis with client guidance and support. When not immersed in real estate, you’ll find Seth coaching youth sports, serving on community boards, and volunteering at his children’s school.
Damon Gerstein, Investment Advisor
Damon Gerstein specializes in office, multifamily, and industrial real estate across the Bay Area. Born and raised in Marin County, CA, Damon has spent his life immersed in the region’s unique communities and dynamic market. His local knowledge, combined with his academic background, provides clients with both insight and strategy in navigating complex transactions. Damon earned his Bachelor of Science in Urban and Regional Development with a minor in Real Estate Development from the University of Arizona. This foundation equips him with a deep understanding of market analysis, urban planning, and investment strategy—tools he leverages to deliver value to his clients. At NAI NorCal, Damon is committed to learning from industry leaders while actively contributing to the team’s success. Outside of real estate, he is passionate about traveling and sports, enjoying everything from working out and snowboarding to hiking and exploring the outdoors.
CONTACTS
-
James Kilpatrick -
Seth Hubbert -
Damon Gerstein -
Ian Cruda -
NAI Northern California
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Solano Professional Building | 1758-1760 Solano Ave
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