Sold Retail Properties in Alameda County – 1101 University Avenue, Berkeley, CA 94702 5/10
1101 University Avenue, Berkeley, CA 94702
|Sale Price:||$4,860,000 ($580.85/SF)|
|Cap Rate:||6.00% (At Time Of Listing)|
|APN / Parcel ID:||
High Profile 4 tenant retail building at the high traffic, signalized intersection of University Avenue and San Pablo. 54,000 cars per day +- ! Built in1996, this center is anchored by Pet Food Express who just renewed for an additional five years. Other tenants are Subway Sandwiches, Little Caesar’s Pizza, Nails in Bloom, plus a significant rooftop cell site.
Parties to Transaction
BERKELEY CAPITAL PARTNERS LLC
AZ DV REAL ESTATE LLC – 3215 Monterey Blvd Oakland, CA
Richard Odenheimer – 6001 Shellmound Street Suite 825 Emeryville, CA
Bank Sold / REO Sale.
Sale involved mortgage financing. Lender identified as HANMI BK.