Keller Avenue Shopping Center
Retail | 3.63% CAP | 21,131 SqFt
Marketing description
Multi-Tenant Retail/Office Strip Center available in a prominent Oakland Hills Location. 21,131 square feet of leasable space that is currently 90.3% leased. +/- 54 on-site parking spaces. Tenant mix consists of one restaurant, one convenience store, one church use, and a mix of professional services and medical uses (10 current tenants, one vacancy). Abundant on-site parking and property sits on 2.03 acres (Buyer to explore excess land use with City of Oakland). Only shopping center within a mile, serves over 2,000 households with an average household income over $100,000.00 (according to 2020 US Census). Property has a mix of long term leases, and month to month tenancy, providing stable income with room for upside. Oak-Knoll Development is located directly South of the property, which could bring 290 homes (first phase) in early 2026, with the full project slated to have 918 homes (per Oaklandside).
Investment highlights
Multi-Tenant Retail/Office Strip Center With Abundant Parking
Only Strip Center Within One-Mile serving over 2,000 households
Great Tenant Mix of Food, Service Retail, Medical, Religious and Office Users
Both Long Term and Short Term Leases providing stable income with upside in rent
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