8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
MLS #
BE41046945
MLS Source
Bay East
Days on Site
320
Parking Spaces
39
Present Use
Retail
Roof
Other, Rolled/Hot Mop
Zoning
cn
is a Commercial Sale in Pittsburg, CA 94565. This 10,624 square foot property sits on a 0.66 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,518,000 and was built in 1989.
This address can also be written as , Pittsburg, CA 94565.©2024 Bay East. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay East.
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This listing information is up-to-date as of October 14, 2024. For the most current information, please contact Richard Mao, (510) 552-1687