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Town Centre – Ideally Located Shopping Center 937-972 San Pablo Ave 24,652 sq ft 96% Let Retail Property Albany, CA 94706 £7,038,094 (£285.50/sq ft)
INVESTMENT HIGHLIGHTS
- Multi-tenant investment opportunity
- Parcel includes apartments, 2 residential homes, and 73 parking spaces
- Strong demographics in 5-mile trade area, supported by 335,000 residents and 189,000 daytime employees
- Diverse, e-commerce resistant tenant lineup comprised of retail, restaurant, and service commercial tenants
- Located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD
- Centralized location with nearby access to high-traffic Marin Avenue, I-80, and the entire SF Bay Area. Less than 3 miles northwest from UC Berkeley
EXECUTIVE SUMMARY
Year built/remodeled: 1969/1973.
Land area: 1.29 acres.
Price per SF: $385. .
Net operating income: $547,083.
Occupancy: 96%.
Ownership is Fee Simple (Land and Building Ownership).
Located at signalized, hard corner intersection of Buchanan Street and San Pablo Avenue (State Route 123) with 59,000 VPD.
Centralized location with nearby access to high-traffic Marin Avenue, I-80, and the entire SF Bay Area.
Direct consumer base with strong national/credit tenants on a dense retail corridor within close proximity of multiple national/credit tenants including Target, Whole Foods, Sprouts Market, Petfood Express, REI, Walgreens, Tesla, Chipotle, Office Depot, Boichik Bagels, Habit Burger, and Philz Coffee.
Less than 3 miles northwest from UC Berkeley (over 69,000 daily population).
Strong demographics in 5-mile trade area, supported by 335,000 residents and 189,000 daytime employees.
Residents within a one-mile radius earn an extremely affluent average household income of more than $194,000.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
Retail space at Town Centre – a shopping mall comprised of retail, restaurant, and service commercial. • Retail space plus 2 offices and 2 restrooms. • Carpeted. • Storage space. • Back entrance and front entrance. • Parking lot. • Easy freeway access. • Located at high-traffic, signalized intersection of San Pablo Avenue (State Route 123) and Marin Avenue. • Close to Solano Avenue shops; near Target, Whole Foods, Tesla, Office Depot, Sprouts Market, Walgreens, Petfood Express, REI, Chipotle, Boichik Bagels, Habit Burger, and Philz Coffee.
| Space | Size | Space Use | Position | Available |
| 960 | 1,000 sq ft | Retail | In-Line | Now |
960
| Size |
| 1,000 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
960
| Size | 1,000 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Retail space at Town Centre – a shopping mall comprised of retail, restaurant, and service commercial. • Retail space plus 2 offices and 2 restrooms. • Carpeted. • Storage space. • Back entrance and front entrance. • Parking lot. • Easy freeway access. • Located at high-traffic, signalized intersection of San Pablo Avenue (State Route 123) and Marin Avenue. • Close to Solano Avenue shops; near Target, Whole Foods, Tesla, Office Depot, Sprouts Market, Walgreens, Petfood Express, REI, Chipotle, Boichik Bagels, Habit Burger, and Philz Coffee.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 066-2721-026-06 | Improvements Assessment | £3,027,540 |
| Land Assessment | £3,408,489 | Total Assessment | £6,436,029 |
PROPERTY TAXES
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Town Centre – Ideally Located Shopping Center | 937-972 San Pablo Ave
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