Sold Retail Properties in Alameda County – 1101 University Avenue, Berkeley, CA 94702 5/10

Sold Retail Properties in Alameda County – 1101 University Avenue, Berkeley, CA 94702 5/10


Sold Retail Properties in Alameda County – 1101 University Avenue, Berkeley, CA 94702 5/10

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1101 University Avenue, Berkeley, CA 94702

Sale Information
Sale Status:
Sold
Sale Date: 10/09/2013
Sale Price: $4,860,000 ($580.85/SF)
Cap Rate: 6.00% (At Time Of Listing)
Listing Price:
$4,930,000
Property Details
Property Type:
Retail
Property Sub-type:
Strip Center
Building Size:
8,367 SF
Lot Size:
13,100.00 Acres
APN / Parcel ID:
057-2085-014-01
Property Description
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

Seller:
BERKELEY CAPITAL PARTNERS LLC
Buyer:
AZ DV REAL ESTATE LLC – 3215 Monterey Blvd Oakland, CA
Broker:
Richard Odenheimer – 6001 Shellmound Street Suite 825 Emeryville, CA
Sale Comments
Bank Sold / REO Sale.
Financing Comments
Sale involved mortgage financing. Lender identified as HANMI BK.