For Sale
$1,750,000

701 Southampton RdBenicia, CA 94510

Prime Benicia location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 8,662 square foot mixed-use commercial building in Benicia, CA presents a rare investment or owner-user opportunity. Located at a busy intersection (Highway 780 and Southampton Road), across from a major shopping center anchored by Raley's, Ace Hardware, and other national retailers, this property boasts excellent visibility and accessibility. Built in 1978 and renovated in 2006, the building features a wood frame with stucco exterior, tile roof, and ample parking (36 spaces). The 7,000 square feet of net rentable space is currently 87% occupied by 16 tenants, generating a strong NOI of $109,230 and a 6.24% cap rate. The diverse tenant mix includes insurance providers, service providers, counselors, and financial services businesses, occupying spaces ranging from 159 to 1,000 square feet. Recent improvements include repainting, parking lot resurfacing, and ADA upgrades. Situated on a 1.01-acre lot in Solano County (APN: 0087-011-810), this Class C property offers a stabilized investment with a gross lease structure. Benicia's desirable location, between I-80 and I-680, and its strong economy, fueled by employers like Valero Refinery and Flatiron Construction, make this a compelling investment prospect. The property is zoned MUI. This is an owner/user opportunity with potential SBA financing.

Highlights

  • Pride of ownership, mixed-use building in desirable Benicia, CA.
  • Rare investment opportunity in a tight market.
  • High-visibility location at Highway 780 & Southampton Rd, across from major retailers.
  • Easy-to-lease spaces with strong NOI of $109,230 and 6.24% cap rate.
  • Owner-user opportunity with potential SBA financing.

Property Details for 701 Southampton Rd

Property type
Retail properties, Office properties
Square Feet
8,662 SF
Class
C
Year Built/Renovated
1978/2006
Buildings
1
Stories
2
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Benicia
County
Solano
State
California
Latitude
38.0654157
Longitude
-122.1638452
701 Southampton Rd, Benicia, California

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701 Southampton Rd
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