1333 Grand Ave
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1333 Grand Ave
5,836 SF 100% Leased Office Building Piedmont, CA 94611 $3,500,000 ($600/SF) 6.28% Cap Rate
Investment Highlights
- Rare commercial property for sale in highly prestigious Piedmont sub-market
- Annual increases in leases
- 100% leased to two dental tenants, a ballet studio and a Brazilian Jiu Jitsu academy
Executive Summary
Situated on highly trafficked Grand Avenue (roughly 15,800 vehicles per day) the approximately 5,606 square foot retail/medical building is 100% leased to 4 tenants. Submit signed confidentiality agreement for financial information or contact agents to discuss.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,836 SF
Building Class
C
Year Built
1961
Price
$3,500,000
Price Per SF
$600
Cap Rate
6.28%
NOI
$219,967
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,918 SF
Slab To Slab
10’
Building FAR
0.93
Lot Size
0.14 AC
Zoning
N/Av, Oakland
Parking
5 Spaces (0.86 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
Parcel Number | 050-4557-002-00 | Improvements Assessment | $1,230,597 |
Land Assessment | $316,730 | Total Assessment | $1,547,327 |
PROPERTY TAXES
Parcel Number
050-4557-002-00
Land Assessment
$316,730
Improvements Assessment
$1,230,597
Total Assessment
$1,547,327
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1333 Grand Ave
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