Bldg C & Bldg D | 2221-2239 Railroad Ave
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Bldg C & Bldg D 2221-2239 Railroad Ave
10,624 SF 100% Leased Retail Building Pittsburg, CA 94565 $3,288,000 ($309/SF) 8.71% Cap Rate
Investment Highlights
- Major very busy street
- close to freeway and BART
- Major business district
Executive Summary
8.7% cap rate.
A value added investment opportunity with 4%-4.5% annual rent and NNN increasing every year).
Very stable tenant base, most of units are occupied by service type tenants.
Tenants are responsible for all interior maintenance and repair.
High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for owner storage. New owner may choose to rent it out for extra income.
The shopping center is located on very busy major street, it is Starbucks anchored shopping center, close to freeway, schools, BART.
Golden Plaza located on the same street is also for sale.
A value added investment opportunity with 4%-4.5% annual rent and NNN increasing every year).
Very stable tenant base, most of units are occupied by service type tenants.
Tenants are responsible for all interior maintenance and repair.
High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for owner storage. New owner may choose to rent it out for extra income.
The shopping center is located on very busy major street, it is Starbucks anchored shopping center, close to freeway, schools, BART.
Golden Plaza located on the same street is also for sale.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,624 SF
Building Class
B
Year Built/Renovated
1981/2005
Price
$3,288,000
Price Per SF
$309
Cap Rate
8.71%
NOI
$286,485
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
C, Pittsburg - commercial
Parking
39 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
73 FT on Railroad Ave
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 088-183-037-6 | Improvements Assessment | $753,628 |
| Land Assessment | $376,810 | Total Assessment | $1,130,438 |
PROPERTY TAXES
Parcel Number
088-183-037-6
Land Assessment
$376,810
Improvements Assessment
$753,628
Total Assessment
$1,130,438
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Bldg C & Bldg D | 2221-2239 Railroad Ave
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