3301 San Pablo AveOakland, CA 94608

Property Details for 3301 San Pablo Ave

Year built

1925

Property size (Sq ft)

3,078 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This fully leased 3,078 square foot warehouse, located at 3301 San Pablo Ave, Oakland, CA 94608, presents a compelling investment opportunity. The property sits on a 6,898 square foot lot and boasts a 6.60% cap rate with a Net Operating Income (NOI) of $81,912. Currently under a triple net (NNN) lease, the tenant, Salt & Honey Catering, has occupied the space since May 4, 2020, with the lease expiring January 31, 2027. A five-year lease option at fair market value is included. Built in 1925, this single-story building features four dock-high doors, an industrial-sized kitchen, a large prep area, refrigeration units, ample storage, office space, and two restrooms. The property also offers substantial exterior loading and parking areas. The permitted zoning is RU-5. Annual rent escalations are 3% per annum. This well-maintained property benefits from its convenient location in Oakland, offering excellent access to major freeways and the San Francisco Bay Bridge. The Alameda County Assessor's Parcel Number (APN) is 5-470-2. This is an ideal investment for those seeking strong returns and a stable tenant.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8245

Longitude

-122.278

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