Sold Retail Properties in Alameda County – 505 A St, Hayward, CA 94541 6/10
Sold Retail Properties in Alameda County – 505 A St, Hayward, CA 94541 6/10
505 A St, Hayward, CA 94541
| Sale Information | |
|---|---|
| Sale Status: |
Sold
|
| Sale Date: | 08/23/2013 |
| Sale Price: | $1,250,000 ($308.64/SF) |
| Cap Rate: | 7.16% (At Time Of Listing) |
| Listing Price: |
$1,200,000
|
| Property Details | |
|---|---|
| Property Type: |
Retail
|
| Property Sub-type: |
Strip Center
|
| Building Size: |
4,050 SF
|
| Lot Size: |
0.00 Acres
|
| APN / Parcel ID: |
431 -0004-065-07
|
| Property Description | |
|---|---|
|
3-tenant strip center anchored by Quik Stop, owned by the Kroger Company, one of the world’s largest grocery retailers, and has been a tenant in the building since it was constructed and recently signed a 10-year extension to their current lease. The other two tenants, Express Pizza and Sunrise Donuts are local tenants who have been in their locations for a number of years.
|
|
| Parties to Transaction |
|---|
| Seller: |
SALUTO RESTAURANTS
|
| Buyer: |
SAI SIMRAN LLC – 2312 Bentley Ridge Dr San Jose, CA
|
| Broker: |
John Lukrich – One Letterman Drive San Francisco, CA
|
| Sale Comments | ||||
|---|---|---|---|---|
|
Buyer came through LoopNet. I had 10 offers and settled on an all-cash buyer.
|
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| Financing Comments | ||||
|---|---|---|---|---|
|
Cash Sale.
|
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