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828 San Pablo Ave Albany, CA 94706

For Sale
$3,995,000

Large office building near Solano Avenue with income upside.

Property size:
18,423 SF

Property Features for 828 San Pablo Ave

General Information

Size
18,423 SF

Building Details

Year built
1981

Source: Grant Chappell Agent Grant Chappell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Albany Multi-Tenant Office Building

The subject property is a large multi-tenant office building situated on San Pablo Avenue in Albany. The building has been maintained by the current ownership, featuring upgrades such as a new roof, common area improvements, and electrical replacement. The diverse tenant base provides a stable income stream with potential for increased revenue upon tenant turnover. Further upgrades, including the installation of solar panels, could contribute to lower operating costs in the long term. The property is located a half block from Solano Avenue, a thoroughfare running from Albany to Berkeley. This commercial zone hosts a diverse mix of commercial tenants and is frequented by local residents and visitors for its dining, retail, and entertainment options. The location is accessible via the 80/580 Freeways, San Pablo Avenue, and two BART stations. The property is currently performing at a 5.1% cap rate with potential to reach a 6.2% market cap rate. Tenants are currently on flexible month-to-month leases, allowing for adjustments to space utilization. The building's size is 18423 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Albany
County
Alameda
State
California
Longitude
-122.2997302
Latitude
37.8914354

FAQs

What type of property is this?
Office building - Large office building near Solano Avenue with income upside.
Where is this office building located?
The property is located at 828 San Pablo Ave Albany, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: - Prime location: Half a block from Solano Avenue, offering diverse dining, retail, and entertainment options.; - Strong current performance: 5.1% cap rate with upside to 6.2% market cap rate.; - Well-maintained building: Recent upgrades include a new roof, common area improvements, and electrical replacement.
More about this property
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