Owner User / Investor Office in El Cerrito Foothills
Industrial | 5.97% CAP | 9,392 SqFt
Marketing description
Davide F. Pio proudly presents 1600 Kearney St in El Cerrito, CA for sale. The building was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants.
The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre.
Investment highlights
Cap Rate - 5.97% (Current)
GRM - 10.41 (Current)
Cap Rate - 8.93% (Proforma)
GRM - 7.69 (Proforma)
Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.
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