5.93% Cap Rate-Motivated Seller-Submit Offers | 20008-20332 Meekland Ave
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5.93% Cap Rate-Motivated Seller-Submit Offers 20008-20332 Meekland Ave
6,250 SF 86% Leased Retail Building Hayward, CA 94541 $2,387,956 CAD ($382 CAD/SF) 5.93% Cap Rate
Investment Highlights
- Daytime traffic exceeds 30,000+ VPD
- 5.93% Cap Rate
- 100% occupied with flexible short term leases
- Extensive renovation took place in 2013 with new electrical, HVAC and interior improvements
Executive Summary
1. High profile signalized corner location
2. Ideal 1031 Exchange asset
3. Convenience store anchored strip center
4. Easy to manage 4 tenant building
5. Flexible short term leases (except for convenience store)
6. Extensive renovation in 2013 with new electrical, interiors and HVAC systems
2. Ideal 1031 Exchange asset
3. Convenience store anchored strip center
4. Easy to manage 4 tenant building
5. Flexible short term leases (except for convenience store)
6. Extensive renovation in 2013 with new electrical, interiors and HVAC systems
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,250 SF
Building Class
C
Year Built
1953
Price
$2,387,956 CAD
Price Per SF
$382 CAD
Cap Rate
5.93%
NOI
$141,592 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Land Acres
0.20 AC
Zoning
C-N, Alameda County - CN zone (Commercial Neighborhood) allows for a wide range of retail uses to support the densely populated residential area surrounding the building.
Parking
8 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
CLEAN SPACE. LOOKING FOR 'HANDS ON', ON SITE TENANT; NOT ABSENTEES *TEXT OR EMAIL CONTACT PLEASE*
| Space | Size | Space Use | Position | Available |
| 20226 | 855 SF | Office/Retail | - | Now |
20226
| Size |
| 855 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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20226
| Size | 855 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
CLEAN SPACE. LOOKING FOR 'HANDS ON', ON SITE TENANT; NOT ABSENTEES *TEXT OR EMAIL CONTACT PLEASE*
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 429-0032-020-02 | Improvements Assessment | $1,329,603 CAD |
| Land Assessment | $415,500 CAD | Total Assessment | $1,745,104 CAD |
PROPERTY TAXES
Parcel Number
429-0032-020-02
Land Assessment
$415,500 CAD
Improvements Assessment
$1,329,603 CAD
Total Assessment
$1,745,104 CAD
-
Lloyd Bakan -
Jon Geary -
Avison Young
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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5.93% Cap Rate-Motivated Seller-Submit Offers | 20008-20332 Meekland Ave
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