3243 Sacramento StBerkeley, CA 94702

Property Details for 3243 Sacramento St

Year built

1928

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

3,942 SF

Property type

Retail properties

Property subtype

Retail space

APN

52-1520-12

APU

52152012

Description

This exceptional retail investment opportunity presents a 3,942 square foot property located at 3243 Sacramento St, Berkeley, CA 94702, in Alameda County. The property, built in 1954 and extensively renovated in 2019 (approximately $2.1 million in renovations), boasts a strong 9.75% cap rate and a substantial net operating income (NOI) of $350,957. Currently occupied by Farmacy under a long-term, net-net-plus (NN+) lease with over six years remaining on the base term, the lease includes attractive annual rent increases of 4.00%, providing a hedge against inflation and increasing overall investment yield. The property benefits from its location in a limited-license market in Berkeley, offering long-term stability and reduced risk of market saturation. Its prime corner location at Sacramento Street & Alcatraz Avenue ensures high visibility and traffic, further enhanced by its close proximity to the University of California, Berkeley. The existing license allows for both retail storefront operations and delivery services. The asking price for this exceptional investment is $3,600,000. This is a rare opportunity to acquire a high-performing retail property in a desirable and stable market.

Location Insight

City

Berkeley

County

Alameda

State

California

Latitude

37.8482

Longitude

-122.278

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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