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578 Bancroft Avenue, San Leandro, CA 94577; Sold Retail Center; 3/10 in Alameda County

Sold Retail Center in Alameda County – 578 Bancroft Avenue, San Leandro, CA 94577 3/10


578 Bancroft Avenue, San Leandro, CA 94577

Sale Information
Sale Status:
Sale Date: 12/06/2012
Sale Price: $1,060,000 ($225.53/SF)
Cap Rate: 0.50% (At Time Of Listing)
Listing Price:
Property Details
Property Type:
Property Sub-type:
Strip Center
Building Size:
4,700 SF
Lot Size:
0.41 Acres
APN / Parcel ID:
076 -0296-027-01
Property Description
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

MZL INVESTMENT LLC – 713 Ramona Ave Albany, CA
Alpha Real Estate – Ash Shaikh
Financing Comments
Sale involved mortgage financing. Lender identified as EAST WEST BK.


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