3301 San Pablo Ave Oakland, CA 94608

This fully leased 3,078 square foot warehouse, located at 3301 San Pablo Ave, Oakland, CA 94608, presents a compelling investment opportunity. The property sits on a 6,898 square foot lot and boasts a 6.60% cap rate with a Net Operating Income (NOI) of $81,912. Currently under a triple net (NNN) lease, the tenant, Salt & Honey Catering, has occupied the space since May 4, 2020, with the lease expiring January 31, 2027. A five-year lease option at fair market value is included. Built in 1925, this single-story building features four dock-high doors, an industrial-sized kitchen, a large prep area, refrigeration units, ample storage, office space, and two restrooms. The property also offers substantial exterior loading and parking areas. The permitted zoning is RU-5. Annual rent escalations are 3% per annum. This well-maintained property benefits from its convenient location in Oakland, offering excellent access to major freeways and the San Francisco Bay Bridge. The Alameda County Assessor's Parcel Number (APN) is 5-470-2. This is an ideal investment for those seeking strong returns and a stable tenant.