Sold Retail Properties in Alameda County – 7660 Amador Valley Blvd, Dublin, CA 94568 4/10

Sold Retail Properties in Alameda County – 7660 Amador Valley Blvd, Dublin, CA 94568 4/10


Sold Retail Properties in Alameda County – 7660 Amador Valley Blvd, Dublin, CA 94568 4/10

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7660 Amador Valley Blvd, Dublin, CA 94568

Sale Information
Sale Status:
Sold
Sale Date: 11/15/2013
Sale Price: $3,525,000 ($300.84/SF)
Cap Rate: 6.49% (At Time Of Sale)
Listing Price:
$3,800,000
Estimated days on
LoopNet Marketplace:
396
Property Details
Property Type:
Retail
Property Sub-type:
Community Center
Building Size:
11,717 SF
Lot Size:
0.91 Acres
APN / Parcel ID:
941-0305-013
Property Description
Marcus & Millichap is proud to offer Dublin Plaza Retail Center at 7660 Amador Valley Boulevard, Dublin, California. The subject property is 11,717 square feet, resides on 39,751 square feet of land and was constructed in 1980. Dublin Plaza Retail Center is shadow anchored by 99 Ranch Market and CVS Pharmacy. 7660 Amador Valley Boulevard is currently 70 percent occupied. VetCare and Subway do not rollover until 2015-2016 and FastSigns just exercised their first five-year option. The Sellers will master lease the two vacant units for six months at close of escrow. In 2008, a new roof was installed and the parking lot was repaved. Dublin Plaza benefits from strong traffic counts and resides in a dominant retail corridor surrounded by strong, national credit tenants. These tenants include Safeway, Target, Sports Authority, Ross, Marshalls, Michaels, Dollar Tree, Big Lots, Orchard Supply Hardware, Ross, Designer Shoe Warehouse, Starbucks and O’Reilly Auto Parts.
Parties to Transaction
Seller:
GARFINKLE W & W 1985 TRUST
Buyer:
, ELIOPOULOS TRUST – 59 Botany Ct Emerald Hills, CA
Broker:
Michael Cisternino – 500 Ygnacio Valley Road Walnut Creek, CA
Financing Comments
Sale involved mortgage financing. Lender identified as BOSTON PRIVATE BK&TR CO.