2221 Railroad Avenue Pittsburg, CA 94565

Building Details

Year Built

1989

Listing agency Promax Investment & Develop p***@hotmail.com Show Phone

Listed by Richard Mao · License #01208299 Show Phone

Source Compass

Added: Jan 6, 2024 Updated: Jul 20 at 11:00PM Checked: Jul 21 at 5:59AM

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Investment Insights

Based on property information with market context.

This for-sale retail shopping center is currently 11 of 12 units leased, with the only vacant unit being used for storage. The tenant base is described as stable, with most units serving service-type uses, and tenants responsible for interior maintenance and repair. The offering is positioned as a value-added investment, with stated annual rent growth of 4.5% and annual cam increases.

The property is located on a major, busy street next to a Starbucks, with proximity to the freeway and nearby schools. New ownership may choose to lease the storage unit to capture additional rental income. The remarks also cite a 5.5% investment return cap rate.

Key Highlights

• 1989‑built retail shopping center with 12 total units and 11 currently leased (one unit used for storage)
• High occupancy: 11 of 12 units rented, with the only vacancy currently storage‑only
• Tenant base is stable, with most units occupied by service‑type tenants

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FAQs

What type of property is this?

Shopping center - Nearly fully occupied retail shopping center with 11 leased units and one storage-only vacancy.

Where is this shopping center located?

The property is located at 2221 Railroad Avenue Pittsburg, CA.

What is the asking price?

The asking price for this property is $4,800,000.

What are key features of this property?

This property features: 1989‑built retail shopping center with 12 total units and 11 currently leased (one unit used for storage); High occupancy: 11 of 12 units rented, with the only vacancy currently storage‑only; Tenant base is stable, with most units occupied by service‑type tenants