937-972 San Pablo Avenue, Albany CA

+/- 24,652 RSF

Multi-tenant investment opportunity. The 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

• Year built/remodeled: 1969/1973
• Land area: 1.29 acres 
• Price per SF: $385
• Net operating income: $547,083
• Occupancy: 96%
• Ownership is Fee Simple (Land and Building Ownership)
• Located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD
• Centralized location with nearby access to high-traffic Marin Avenue, I-80, and the entire SF Bay Area
• Direct consumer base with strong national/credit tenants on a 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
• 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

City of Albany Website