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 | |
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Sale Status: |
Sold
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Sale Date: | 12/06/2012 |
Sale Price: | $1,060,000 ($225.53/SF) |
Cap Rate: | 0.50% (At Time Of Listing) |
Listing Price: |
$1,099,998
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Property Details | |
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Property Type: |
Retail
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Property Sub-type: |
Strip Center
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Building Size: |
4,700 SF
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Lot Size: |
0.41 Acres
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APN / Parcel ID: |
076 -0296-027-01
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Property Description | |
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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.
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Parties to Transaction
Seller: |
GUTIERREZ FAMILY TRUST
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Buyer: |
MZL INVESTMENT LLC – 713 Ramona Ave Albany, CA
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Broker: |
Alpha Real Estate – Ash Shaikh
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Financing Comments | ||||
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Sale involved mortgage financing. Lender identified as EAST WEST BK.
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