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1941 University Ave 4,467 SF 100% Leased Retail Building Berkeley, CA 94704 $4,121,160 CAD ($922.58 CAD/SF) 3.27% Cap Rate
Investment Highlights
- On busy University Ave. with high foot traffic every day
- 0.4 Miles to Downtown Berkeley BART
- Close to public transportation and convenient to S.F. Bay Area
- Easy access to BART,UC Berkeley and Freeways
- 0.6 Miles to Downtown and UC Berkeley
Executive Summary
Prime location. Great development opportunity near UC Berkeley. Mixed use available. Each floor should makes 5units at least 800-850sqft per unit upto 5th floors.100% Leased with 2 NNN Tenants and one gross rent.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,467 SF
Building Class
B
Year Built
1924
Price
$4,121,160 CAD
Price Per SF
$922.58 CAD
Cap Rate
3.27%
NOI
$134,844 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.11 AC
Zoning
CM - The purpose of the C-DMU district is to implement the vision and goals of the Downtown Area Plan (adopted 2012), which include: Environmental Sustaina
Frontage
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 057-2059-006-00 | Improvements Assessment | $2,140,585 CAD |
| Land Assessment | $758,475 CAD | Total Assessment | $2,899,060 CAD |
Property Taxes
Parcel Number
057-2059-006-00
Land Assessment
$758,475 CAD
Improvements Assessment
$2,140,585 CAD
Total Assessment
$2,899,060 CAD
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1941 University Ave
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