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FARMACY 3243 Sacramento St

3,942 SF 100% Leased Retail Building Berkeley, CA 94702 £2,840,400 (£721/SF) 9.75% Net Initial Yield

Investment Highlights

  • LIMITED SUPPLY MARKET: Berkeley limited-license market provides long-term stability and profitability for the Property.
  • CLOSE PROXIMITY TO UNIVERSITY OF CALIFORNIA BERKELEY HIGH TRAFFIC LOCATION ON THE CORNER OF SACRAMENTO STREET & ALCATRAZ AVENUE
  • LONG-TERM, NN+ LEASE WITH ATTRACTIVE ANNUAL INCREASES: Farmacy operates under a long-term NN+ lease with over 6 years of base term remaining.
  • RECENTLY EXPERIENCED A ±$2.1 MILLION RENOVATION FROM THE LANDLORD LICENSE ALLOWS TENANT TO OPERATE AS A RETAIL STOREFRONT, AND DELIVERY SERVICE

Executive Summary

Broker of Record
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,942 SF
Building Class
B
Year Built/Renovated
1928/2019
Price
£2,840,400
Price Per SF
£721
Net Initial Yield
9.75%
NOI
£276,939
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.97
Land Acres
0.09 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-SA
Frontage
143 ft on Sacramento St

Links

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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Krispy Krunchy Chicken
The YMCA
Equinox
9round Fitness
Whole Foods Market
Peet's Coffee
Corepower Yoga
Starbucks
Bank Of America
Jazzercise

PROPERTY TAXES

Parcel Number 052-1520-012-00 Improvements Assessment £473,897
Land Assessment £687,381 Total Assessment £1,161,278

PROPERTY TAXES

Parcel Number
052-1520-012-00
Land Assessment
£687,381
Improvements Assessment
£473,897
Total Assessment
£1,161,278
(925) 215-8641

  • Listing ID: 33873203

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 3243 Sacramento St, Berkeley, CA 94702

The Retail Property at 3243 Sacramento St, Berkeley, CA 94702 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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FARMACY | 3243 Sacramento St
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FARMACY | 3243 Sacramento St

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(925) 215-8641

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(925) 718-7525

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