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1807 Martin Luther King Jr Way
Berkeley, CA 94709
Retail Property For Sale
Investment Highlights
- Rare ±3,728 SF mixed-use investment opportunity in North Berkeley.
- New veterinary lease extension plus additional 5-year option with a corporate backed guaranty
- Long-standing veterinary clinic tenant with over 10 years of operating history.
- Two out of three residential units leased at market rents with historically strong occupancy.
Executive Summary
Mixed-use property consisting of a ground-floor veterinary clinic and three residential units. The veterinary clinic has occupied the property for more than 10 years and recently executed a lease extension with an additional five-year option. The commercial space includes four dedicated parking spaces. The property is located on Martin Luther King Jr. Way across from Ohlone Park and Ohlone Dog Park and is near North Berkeley BART Station, University Avenue, and the University of California, Berkeley.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,548 SF
Building Class
C
Year Built
1951
NOI
$3,047,462 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.09 AC
Parking
4 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 057-2057-013-00 | Improvements Assessment | $1,205,249 CAD |
| Land Assessment | $642,798 CAD | Total Assessment | $1,848,047 CAD |
Property Taxes
Parcel Number
057-2057-013-00
Land Assessment
$642,798 CAD
Improvements Assessment
$1,205,249 CAD
Total Assessment
$1,848,047 CAD
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