Description
5.9% Cap Rate with Triple Net Lease. Lease term through January 31, 2027, plus one (1) five (5) year option at Fair Market Value. 3301 San Pablo is a fully leased 3,078 square foot commercial building on a 6,898 square foot parcel. This expansive property offers a distinctive commercial footprint, featuring an industrial-sized kitchen, large prep area, refrigeration, spacious storage areas, office space, two (2) restrooms, four (4) rollup doors and a substantial exterior loading and parking area. Conveniently located in a dynamic community known for its creative and entrepreneurial spirit, making it highly sought after. With its proximity to major freeways and the San Francisco Bay Bridge, it's an ideal choice for investors looking for excellent connectivity and accessibility. The tenant, Salt & Honey Catering has occupied the property since May 2020. Rent escalations 3% per annum. Very well-maintained property with great upside.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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3,078SQFT
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$439$/SQFT
School Ratings & Info
Description
5.9% Cap Rate with Triple Net Lease. Lease term through January 31, 2027, plus one (1) five (5) year option at Fair Market Value. 3301 San Pablo is a fully leased 3,078 square foot commercial building on a 6,898 square foot parcel. This expansive property offers a distinctive commercial footprint, featuring an industrial-sized kitchen, large prep area, refrigeration, spacious storage areas, office space, two (2) restrooms, four (4) rollup doors and a substantial exterior loading and parking area. Conveniently located in a dynamic community known for its creative and entrepreneurial spirit, making it highly sought after. With its proximity to major freeways and the San Francisco Bay Bridge, it's an ideal choice for investors looking for excellent connectivity and accessibility. The tenant, Salt & Honey Catering has occupied the property since May 2020. Rent escalations 3% per annum. Very well-maintained property with great upside.
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