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1510-1532 Holmes St - Bldg B
859 - 2,575 SF Condo Units Offered at $481,040 - $1,550,000 Per Unit in Livermore, CA 94550
Investment Highlights
- Building Signage for Every Unit
- Separate Entrances to Each Unit (direct off parking lot)
- 200 Amps of Power for Every Unit
- Separately Metered for PG&E
- Private Restrooms in Every Unit
- Onsite Tesla Superchargers
Executive Summary
Building B is one of the premier buildings in the Well at Sunset project with direct access and visibility off of the main access point on Holmes Street. The Well at Sunset is a newly renovated project as of 2020. Each building was brought down to the studs/foundations and built back up with a brand new roof, siding, windows, electrical, etc. The four buildings on the northern end of the project were sold to a senior housing developer who has plans to construct a new senior housing development in the near future. The remaining 6 buildings on the south end of the project were renovated to be a new retail, medical, and office complex to serve the local community. Most retail, medical, and office uses are permitted in this zoning district. Tesla superchargers are onsite in front of Building A. Some outdoor patio areas are placed at key locations around the project. There is a 3.5 acre landscaped buffer zone between this project and the surrounding homes which will eventually be updated to include walking paths and benches once the senior housing development is finished.
Property Facts
3 Units Available
Unit 1532
| Unit Size | 859 SF | Sale Type | Owner User |
| Price | $481,040 | No. Parking Spaces | 3 |
| Price Per SF | $560.00 | Sale Conditions | Building in Shell Condition |
| Condo Use | Office/Retail |
| Unit Size | 859 SF |
| Price | $481,040 |
| Price Per SF | $560.00 |
| Condo Use | Office/Retail |
| Sale Type | Owner User |
| No. Parking Spaces | 3 |
| Sale Conditions | Building in Shell Condition |
Description
Northern facing cold shell retail/medical/office unit in the middle of Building B facing the future senior housing development. Building Signage is available above the entrance for each unit within the project. Every unit is separately metered for PG&E with 200 amps of total power. Water is sub-metered for each unit and trash is included in the HOA dues which are equal to approximately $.49/sf/month. Contiguous with Unit #1516 for a total of 2,684sf.
Sale Notes
Owner/user or investment sale. Currently a vacant, cold shell unit. Attractive SBA financing requiring only 10% down payment is obtainable here for an owner/user of at least 51% of the condo size.
Unit 1516
| Unit Size | 1,815 SF | Condo Use | Office/Retail |
| Price | $1,016,400 | Sale Type | Owner User |
| Price Per SF | $560.00 | No. Parking Spaces | 7 |
| Unit Size | 1,815 SF |
| Price | $1,016,400 |
| Price Per SF | $560.00 |
| Condo Use | Office/Retail |
| Sale Type | Owner User |
| No. Parking Spaces | 7 |
Description
High visibility southern facing cold shell retail/medical/office unit in Building B facing the parking lot and Holmes Street. Building Signage is available above the entrance for each unit within the project. Every unit is separately metered for PG&E with 200 amps of total power. Water is sub-metered for each unit and trash is included in the HOA dues which are equal to approximately $.49/sf/month. Contiguous with Unit #1532 for a total of 2,684sf.
Sale Notes
Owner/user or investment sale. Currently a vacant, cold shell unit. Attractive SBA financing requiring only 10% down payment is obtainable here for an owner/user of at least 51% of the condo size.
Unit 1510
| Unit Size | 2,575 SF | Sale Type | Investment |
| Price | $1,550,000 | Cap Rate | 4.92% |
| Price Per SF | $601.94 | NOI | $76,323 |
| Condo Use | Retail | No. Parking Spaces | 10 |
| Unit Size | 2,575 SF |
| Price | $1,550,000 |
| Price Per SF | $601.94 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| NOI | $76,323 |
| No. Parking Spaces | 10 |
Description
Very rare, small, commercial restaurant condominium investment unit leased to Charming Fig Catering, LLC. The condominium unit also includes exclusive rights to use the large outdoor patio area directly in front of Building B.
Sale Notes
Rare Commercial Investment Sale Opportunity. 5 year lease term through 10/31/27, 6% percentage rent kicks in above a $1.7 million Gross Income break even point, true NNN lease, personal guaranty on lease. Please contact Brokers for additional information on the lease.
Amenities
- 24 Hour Access
- Raised Floor
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Car Charging Station
- Air Conditioning
- Fiber Optic Internet
zoning
| Zoning Code | CO (Retail, Medical, Office, Commercial) |
| CO (Retail, Medical, Office, Commercial) |
-
Mark Rinkle -
Power Broker Jessica Mauser -
Lee & Associates
Presented by
1510-1532 Holmes St - Bldg B
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