1101 University Ave Berkeley, CA 94702
Partially stabilized retail asset with future income and lease-up potential.
Type:Shopping Strip
Property size:
8,367 SFPrice / SF:
$478/SF- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 1101 University Ave
General Information
- Standard status
- Active
- Size
- 8,367 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1996
Listing agent Quentin Caruso License #CA: 02074286 (415) 625-2180
Listing office San Francisco Office (415) 625-2180
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Berkeley Retail Property with Upside
The property at 1101 University Avenue in Berkeley, California, is a four-unit retail property totaling approximately 8,300 square feet. Situated along University Avenue, a primary commercial corridor serving Berkeley and the greater East Bay, the location offers proximity to established residential neighborhoods, UC Berkeley, and public transportation. The property includes a combination of long-term credit tenancy, in-place income, lease-up potential, and supplemental income from two cell towers. A national, credit-tenant has executed a new 10-year lease and is scheduled to take occupancy and commence rent in 2026, providing stable, long-term income from a credit tenant national retailer. Two vacant retail units offer upside through lease-up at market rents, providing flexibility in tenant selection and a path to increased net operating income through stabilization. In addition to retail tenancy, the property benefits from two AT&T cellular tower installations, which generate supplemental income and diversify the property’s revenue stream. This property offers investors the opportunity to acquire a partially stabilized retail asset with future credit rent commencement, embedded lease-up upside, and multiple income sources in a supply-constrained Berkeley market.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2918162
- Latitude
- 37.8694267
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Partially stabilized retail asset with future income and lease-up potential.
Where is this strip mall located?
The property is located at 1101 University Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: New 10‑year lease with a national credit tenant commencing in 2026, providing stable, long‑term income.; Two vacant retail units offer significant lease‑up potential at market rents, increasing net operating income.; Supplemental income from two AT&T cellular tower installations diversifies the revenue stream.
