20860 Redwood Rd, Castro Valley, CA 94546; Sold Retail Center; 1/10 in Alameda County
Sold Retail Center in Alameda County – 20860 Redwood Rd, Castro Valley, CA 94546 1/10
20860 Redwood Rd, Castro Valley, CA 94546
| Sale Information | |
|---|---|
| Sale Status: |
Sold
|
| Sale Date: | 02/20/2013 |
| Sale Price: | $1,017,500 ($214.12/SF) |
| Cap Rate: | 6.70% (At Time Of Listing) |
| Listing Price: |
$1,049,000
|
| Property Details | |
|---|---|
| Property Type: |
Retail
|
| Property Sub-type: |
Strip Center
|
| Building Size: |
4,752 SF
|
| Lot Size: |
0.25 Acres
|
| APN / Parcel ID: |
084C-0618-003-10
|
| Property Description | |
|---|---|
|
Three unit retail center on Redwood Road next to Castro Valley Blvd. The center includes Wireless City, Dollar Cleaners and GiGi’s Florist. The units average 1,600 sq ft in size and there are 12 onsite parking spaces. Great location and easy to manage.
|
|
| Parties to Transaction |
|---|
| Seller: |
CNY PROPERTIES INC
|
| Buyer: |
, DIEP FAMILY TRUST – 474 28Th Ave San Francisco, CA
|
| Broker: |
MTC Commercial Real Estate Brokerage – Paul Mader, CCIM
|
| Sale Comments | ||||
|---|---|---|---|---|
|
undisclosed
|
||||
| Financing Comments | ||||
|---|---|---|---|---|
|
Sale involved mortgage financing. Lender identified as WELLS FARGO BK NA.
|
||||
| Major Tenants | ||||
|---|---|---|---|---|
| Name | Lease Expires | SF Occupied | ||
|
Dollar Cleaners
|
07/01/2014
|
1600
|
||
|
Wireless City
|
04/01/2017
|
1600
|
||
|
GiGi’s Florist
|
1600
|
|||
