Multi-Tenant Investment Opportunity 972 San Pablo Ave 24,652 SF 100% Leased Retail Building Albany, CA 94706 $12,175,240 CAD ($493.88 CAD/SF) 6.55% Cap Rate

Multi-tenant investment opportunity – Town Centre. This shopping center consists of a diverse, e-commerce resistant tenant lineup comprised of retail, restaurant, and service commercial tenants – creating a stabilized stream for a new investor. Parcel includes apartments, 2 residential homes, and 73 parking spaces.
Price Per SF: $357.
Net Operating Income: $576,373.
Occupancy: 100%.
Land Area: 1.29 Acres.
Parcel Number: 066-2721-026-06 (56,192 SF).
Year built/remodeled: 1969/1973. Ownership is Fee Simple (Land and Building Ownership).
Ideally located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD.
The site also benefits from nearby access to Marin Avenue (19,100 VPD) and I-80 (208,000 VPD) making this an ideal, centralized location with easy commutes.
Dense retail corridor within close proximity of multiple national/credit tenants including Target, Whole Foods, Sprouts Market, Petfood Express, REI, Walgreens, Tesla, Chipotle, Office Depot, Boichik Bagels, Habit Burger, and Philz Coffee.
Easy freeway accessibility between both I-880 and I-580, close to 1-80 and the entire SF Bay Area.
Less than 3 miles northwest from UC Berkeley (over 69,000 daily population).
Strong demographics in 5-mile trade area, supported by 335,000 residents and 189,000 daytime employees.
Residents within a one- mile radius earn an extremely affluent average household income of more than $194,000.