2170 Main St
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2170 Main St
10,867 SF 100% Leased Retail Building Oakley, CA 94561 $4,830,000 ($444/SF) 6.25% Cap Rate
Executive Summary
Main Street Shops is a seven-unit retail building located along the primary retail corridor in Oakley, California (San Francisco Bay Area
MSA). The building, consisting of 10,867 rentable square feet and situated on a 1.07-acre parcel, features a synergistic and service oriented
tenant mix — occupied by Willy’s Bagels & Blends, Little Caesars Pizza, Ridgewater Real Estate Services, Oakley Orthodontics, Picante Mexican Grill, Pristine Dental Care, and a nail salon. The subject property benefits from heavy vehicle traffic along Main Street, and is less than one mile from Big Break Regional Shoreline, which offers biking, boating, kayaking, sailing, fishing, and hiking activities. Main Street Shops is positioned across the street from the Raley’s and Dollar Tree-anchored Cypress Square Shopping Center and one-mile from Oakley City Hall. The property is accessed via double-wide curbcuts on Main Street and Carol Lane, and features monument signage along Main Street, displaying each of the tenants occupying the property.
This retail offering provides an investor a seasoned strip shopping
center asset, built in 2007, with stable day-one cash flow that is competitive with any commercial offering in Northern California of its kind.
MSA). The building, consisting of 10,867 rentable square feet and situated on a 1.07-acre parcel, features a synergistic and service oriented
tenant mix — occupied by Willy’s Bagels & Blends, Little Caesars Pizza, Ridgewater Real Estate Services, Oakley Orthodontics, Picante Mexican Grill, Pristine Dental Care, and a nail salon. The subject property benefits from heavy vehicle traffic along Main Street, and is less than one mile from Big Break Regional Shoreline, which offers biking, boating, kayaking, sailing, fishing, and hiking activities. Main Street Shops is positioned across the street from the Raley’s and Dollar Tree-anchored Cypress Square Shopping Center and one-mile from Oakley City Hall. The property is accessed via double-wide curbcuts on Main Street and Carol Lane, and features monument signage along Main Street, displaying each of the tenants occupying the property.
This retail offering provides an investor a seasoned strip shopping
center asset, built in 2007, with stable day-one cash flow that is competitive with any commercial offering in Northern California of its kind.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,867 SF
Building Class
B
Year Built
2006
Price
$4,830,000
Price Per SF
$444
Cap Rate
6.25%
NOI
$301,971
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
1.07 AC
Parking
59 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
116 FT on Main St
Amenities
- Pylon Sign
- Signage
- Skylights
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 037-142-008-4 | Improvements Assessment | $1,569,405 |
| Land Assessment | $812,987 | Total Assessment | $2,382,392 |
PROPERTY TAXES
Parcel Number
037-142-008-4
Land Assessment
$812,987
Improvements Assessment
$1,569,405
Total Assessment
$2,382,392
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Quentin Caruso -
Vincent Schwab -
Marcus & Millichap
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