Sold Retail Center in Alameda County – 578 Bancroft Avenue, San Leandro, CA 94577 3/10
578 Bancroft Avenue, San Leandro, CA 94577
|Sale Price:||$1,060,000 ($225.53/SF)|
|Cap Rate:||0.50% (At Time Of Listing)|
|APN / Parcel ID:||
High Visibility Corner Business/Brand Identity Building, High Traffic Flow/Count! Corner Strip Center, relatively newer. There are three retail units, A Restaurant, A Bakery, and the third a barber shop. There are 20 parking spaces Lot, which is part of the property. The Restauramt has about 2 years left in the Lease. Rent is $4,500. However, there are late rent payments. The Bakery has about 4 years left in the Lease. Rent is $3,000. However, it has not been paying the rent. Occupant related to the owner. The Barber shop rent is $1,000. Various creative ways to buy this property may be possible, buyer to explore.
Parties to Transaction
GUTIERREZ FAMILY TRUST
MZL INVESTMENT LLC – 713 Ramona Ave Albany, CA
Alpha Real Estate – Ash Shaikh
Sale involved mortgage financing. Lender identified as EAST WEST BK.