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26816458
26816459

24471 Mission Blvd, Hayward, CA 94544

CB
CA 02073511
Transwestern
Listed by Transwestern
$3,250,000
309 days on market
Updated 13 days ago

Bay Area Strip Center

Details
Property Type Mixed Use, Retail
Sub Type Shopping Center, Storefront
Square Footage 8,750
Units 7
Cap Rate 3.59%
NOI $116,681
Occupancy 62%
Tenancy Multi
Lease Type Modified
Price per SqFt $371
Broker Co-Op Yes
Year Built 1960
Acreage 0.570
Zoning MB-CN
Investment Type Value Add
Ownership Fee Simple

Value-Add or Development Opportunity

Marketing description

Transwestern is pleased to exclusively offer for sale an 8,750 square foot strip center situated on 0.57 acres along Hayward’s bustling Mission Boulevard. This seven-unit center is currently 62% leased, with the majority of tenants on month-to-month leases, providing an immediate value-add opportunity or flexibility for an owner-user. With mixed-use zoning in place, the site also offers redevelopment potential for up to approximately 19 residential units. The property is located along Mission Boulevard, a major retail and commuter corridor in the Bay Area, and benefits from strong visibility and high daily traffic counts. The surrounding area features a dynamic mix of national retailers, car dealerships, and new housing developments. Hayward, centrally located in the heart of the East Bay, offers immediate access to I-880, Highway 92, and BART transit lines and is experiencing continued residential and commercial growth, supported by a diverse workforce and proximity to Oakland, San Francisco, and Silicon Valley.

Investment highlights

8,750 SF building on 0.57 AC lot

Ideal owner-user or value-add opportunity at 62% occupancy with 4 out of the 6 tenants on MTM leases

Mixed-Use zoning allowing 17.5 – 35 units per acre.

City of Hayward owns both of the adjacent vacant lots. Potential to combine all for 2.09 acres.

High traffic counts on Mission Blvd with over 31,000 vehicles per day

Listing Contacts

CB
CA 02073511
Transwestern
Listed by Transwestern

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,681.00
$9,723.42/mo

Valuation Metrics

0
DSCR
3.59%
Cap Rate
3.59%
ROI

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Additional Information

Name
CJ Brill
License
02073511
Brokerage Phone
4154891742
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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