325 Joaquin AveSan Leandro, CA 94577
- Office properties
- 13,622 SF
Property Details for 325 Joaquin Ave
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.36 AC
- Property size (Sq ft)
- 13,622 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 75-14-15-1
- APU
- 7514151
Description
This exceptional investment opportunity presents a fully occupied, 13,622 square foot Class B office building located at 325 W Joaquin Ave, San Leandro, CA 94577. The property boasts a 5.00% cap rate and a strong net operating income (NOI) of $179,177. Built in 1986, this two-story building comprises 16 units within a single structure, offering convenient elevator access and ample private parking. Currently operating at 100% occupancy, with the lease expiring August 31st, 2024, this stabilized investment provides immediate cash flow. The property is zoned DA-1 and is ideally suited for a 1031 exchange. The well-maintained building reflects the pride of ownership and presents a compelling opportunity for investors seeking a stable, high-return asset in the desirable San Leandro market within Alameda County. Detailed financial statements are available upon request. This is a turnkey investment ready for immediate ownership.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,291,484
- 6.5%
- $5,807,524
- 7%
- $5,392,700
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,499,257
- Geo Method
- $3,799,312
-
Alternative Use
- Use
- Valuation
- Residential
- $7,201,330
- Hospitality
- $6,596,379
- Educational
- $5,488,110
- Medical
- $5,676,854
- Retail
- $8,537,060
Location Insight
- City
- San Leandro
- County
- Alameda
- State
- California
- Latitude
- 37.7231
- Longitude
- -122.157
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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