1101 University Avenue, Berkeley, CA 94702; Sold Retail Property; 5/10 in Alameda County
Sold Retail Property in Alameda County – 1101 University Avenue,
Berkeley, CA 94702 5/10
1101 University Avenue, Berkeley, CA 94702
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 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
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|
BERKELEY CAPITAL PARTNERS LLC
AZ DV REAL ESTATE LLC
3215 Monterey Blvd Oakland, CA
6001 Shellmound Street Suite 825 Emeryville, CA
Bank Sold / REO Sale.
Sale involved mortgage financing. Lender identified as HANMI BK.