940-972 San Pablo Avenue, Albany CA

+/- 24,652 RSF

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