3301-3303 San Pablo Ave
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3301-3303 San Pablo Ave
3,078 SF 100% Leased Retail Building Oakland, CA 94608 $1,771,837 CAD ($576 CAD/SF) 6.60% Cap Rate
Investment Highlights
- Fully Leased with Well-Established Tenant
- Large Parking Lot/Loading Area
- Well-Maintained Property
- Close Proximity to SF/Bay Bridge and Major Freeways
Executive Summary
As exclusive agents, Urban Group Real Estate is pleased to present 3001 San Pablo Avenue, Oakland, CA for purchase.
3301 San Pablo is a fully leased 3,078 square foot commercial building on a 6,898 square foot parcel. Triple Net Lease with 6.6% Cap Rate. Lease term through January 31, 2027, plus one (1) five (5) year option at Fair Market Value. This expansive property offers a distinctive commercial footprint, featuring an industrial-sized kitchen, large prep area, refrigeration, spacious storage areas, office space, two (2) restrooms, four (4) rollup doors and a substantial exterior loading and parking area. Conveniently located in a dynamic community known for its creative and entrepreneurial spirit, making it highly sought after. With its proximity to major freeways and the San Francisco Bay Bridge, it’s an ideal choice for investors looking for excellent connectivity and accessibility. The tenant, Salt & Honey Catering has occupied the property since May 2020. Rent escalations 3% per annum. Very well-maintained property with great upside.
3301 San Pablo is a fully leased 3,078 square foot commercial building on a 6,898 square foot parcel. Triple Net Lease with 6.6% Cap Rate. Lease term through January 31, 2027, plus one (1) five (5) year option at Fair Market Value. This expansive property offers a distinctive commercial footprint, featuring an industrial-sized kitchen, large prep area, refrigeration, spacious storage areas, office space, two (2) restrooms, four (4) rollup doors and a substantial exterior loading and parking area. Conveniently located in a dynamic community known for its creative and entrepreneurial spirit, making it highly sought after. With its proximity to major freeways and the San Francisco Bay Bridge, it’s an ideal choice for investors looking for excellent connectivity and accessibility. The tenant, Salt & Honey Catering has occupied the property since May 2020. Rent escalations 3% per annum. Very well-maintained property with great upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,078 SF
Building Class
C
Year Built
1925
Price
$1,771,837 CAD
Price Per SF
$576 CAD
Cap Rate
6.60%
NOI
$116,941 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.45
Land Acres
0.16 AC
Opportunity Zone
Yes
Zoning
RU-5 - RU-5 Urban Residential - 5 Zone.
Parking
4 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
59 ft on San Pablo Ave
Amenities
- Fenced Lot
- Storage Space
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 005-0470-002-00 | Improvements Assessment | $688,189 CAD |
| Land Assessment | $783,283 CAD | Total Assessment | $1,471,472 CAD |
PROPERTY TAXES
Parcel Number
005-0470-002-00
Land Assessment
$783,283 CAD
Improvements Assessment
$688,189 CAD
Total Assessment
$1,471,472 CAD
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Louis Cornejo -
Urban Group Real Estate
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3301-3303 San Pablo Ave
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