8460 Edgewater Dr Oakland, CA 94621-1487

Property Details for 8460 Edgewater Dr

Year built

2005

Construction

WOOD

Lot size

1.04 lot acres

Property size

9,888 SF

Property type

Retail space

APN

42-4425-26

APU

42442526

Description

This exceptional investment opportunity presents a five-unit, 9,864 square foot retail shopping center in Oakland, CA. Located at 8460 Edgewater Drive, this property boasts a prime location within the Hegenberger Gateway Retail Center, offering unparalleled visibility and accessibility due to its proximity to Oakland International Airport and the Oakland Airport Business Park. The center is 100% occupied by a diverse mix of four credit-rated national tenants including Chipotle, T-Mobile, and Jamba Juice, ensuring a stable income stream. Built in 2005, the single-story building sits on a 1.04-acre lot with ample parking (50 spaces). The property features a stabilized investment structure with NNN leases, minimizing landlord responsibilities. The asking price is $6,000,000, representing a compelling $608.27 per square foot and an 8.02% cap rate based on a net operating income (NOI) of $480,918. The property's strong tenant mix, high visibility, and strategic location make it an ideal investment for those seeking a stable, high-return retail asset in a thriving market. The property features a fee simple ownership structure and is situated in Alameda County, CA, zip code 94621. The property's location benefits from high foot traffic generated by nearby hotels and other retail establishments, including Raising Cane's, Starbucks, and In-N-Out Burger. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a desirable location.

Location Insight

City

Oakland

County

Alameda

State

California

Longitude

-122.197

Latitude

37.7381

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments