701 Southampton Rd
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701 Southampton Rd
8,662 SF 89% Leased Office Building Benicia, CA 94510 £1,369,288 (£158/SF) 6.24% Net Initial Yield
Investment Highlights
- Pride of ownership building in highly desirable city
- Irreplaceable location and identity
- Owner/user opportunity (SBA financing available)
- Rare opportunity in a supply constrained area
- Fantastic opportunity for investor due to easy to rent spaces
Executive Summary
701 Southampton Road, Benicia, CA is a two-story mixed use, commercial building completed in 1978, remodeled in 2005/2006 and impeccably maintained since then. The property is located at the intersection of Highway 780 and Southampton Road, one of the busiest intersections in Benicia. It is located across the street from The Southampton Shopping Center, anchored by Raleys, Ace Hardware, Dollar Tree, Chase, and Burger King. The proximity to transportation, services, and Downtown Benicia makes this a rare opportunity.
Benicia is in Southern Solano County, 24 miles northeast of San Francisco, and 18 miles south of Napa. A waterfront city with a population of 28,000, Benicia is known for its small-town charm, history, and high quality of life with an abundance of leisure and recreational activities. Positioned between I-80 and I-680, residents have easy access to the East and North Bay regions. Top employers include Flatiron Construction Corporation, Valero Benicia Refinery, Cyclegear, Underground Construction, Benicia Unified School District, Therma-Flite, Delta Tech, Clean Harbors, SSA Marina, Anixter, and Bio-Rad Laboratories.
The complex is a wood frame structure with a stucco exterior and wood trim. It sits on a concrete slab foundation and has a pitched, tile roof. The building was built with an eye toward low maintenance and attractive finishes. It offers excellent identity and visibility as well as easy access. The property has benefited from recent paint, parking lot resurfacing, and some ADA improvements. The building is occupied by local business owners that include insurance providers, service providers, counselors, and financial services. The spaces range from 159 square feet to 1,000 square feet, with currently 16 tenants.
HIGHLIGHTS
Year built 1978
Renovated 2005/2006
Lot size 43,996 square feet (Solano County Tax Assessor)
Lot acres 1.01 acres (Solano County Tax Assessor)
Building size 8,662 square feet (Solano County Tax Assessor)
APN 087-011-810
County Solano
Construction Wood frame, concrete slab, pitched, tile roof
Stories Two
Zoning Mixed Use Infill (MU-I)
Benicia is in Southern Solano County, 24 miles northeast of San Francisco, and 18 miles south of Napa. A waterfront city with a population of 28,000, Benicia is known for its small-town charm, history, and high quality of life with an abundance of leisure and recreational activities. Positioned between I-80 and I-680, residents have easy access to the East and North Bay regions. Top employers include Flatiron Construction Corporation, Valero Benicia Refinery, Cyclegear, Underground Construction, Benicia Unified School District, Therma-Flite, Delta Tech, Clean Harbors, SSA Marina, Anixter, and Bio-Rad Laboratories.
The complex is a wood frame structure with a stucco exterior and wood trim. It sits on a concrete slab foundation and has a pitched, tile roof. The building was built with an eye toward low maintenance and attractive finishes. It offers excellent identity and visibility as well as easy access. The property has benefited from recent paint, parking lot resurfacing, and some ADA improvements. The building is occupied by local business owners that include insurance providers, service providers, counselors, and financial services. The spaces range from 159 square feet to 1,000 square feet, with currently 16 tenants.
HIGHLIGHTS
Year built 1978
Renovated 2005/2006
Lot size 43,996 square feet (Solano County Tax Assessor)
Lot acres 1.01 acres (Solano County Tax Assessor)
Building size 8,662 square feet (Solano County Tax Assessor)
APN 087-011-810
County Solano
Construction Wood frame, concrete slab, pitched, tile roof
Stories Two
Zoning Mixed Use Infill (MU-I)
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,662 SF
Building Class
C
Year Built
1978
Price
£1,369,288
Price Per SF
£158
Net Initial Yield
6.24%
NOI
£85,444
Percent Leased
89%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,331 SF
Slab to Slab
11 ft
Building FAR
0.20
Lot Size
1.01 AC
Zoning
MUI, Benicia - Mixed Use Infill (MU-I). Retail, office and commercial uses allowed. Please contact broker for further information.
Parking
42 Spaces (4.85 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Suspended Ceilings
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 550 SF | Office | - | Now |
| 2nd Fl-Ste 204 | 370 SF | Office | - | Now |
1st Fl-Ste 101
| Size |
| 550 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 370 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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1st Fl-Ste 101
| Size | 550 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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2nd Fl-Ste 204
| Size | 370 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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PROPERTY TAXES
| Parcel Number | 0087-011-810 | Total Assessment | £1,508,453 (2023) |
| Land Assessment | £623,204 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £885,249 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0087-011-810
Land Assessment
£623,204 (2023)
Improvements Assessment
£885,249 (2023)
Total Assessment
£1,508,453 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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3D TOUR
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STREET VIEW
STREET
MAP
1 of 1
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701 Southampton Rd
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