For Sale: Income Producing Property

Transcription

1 For Sale: Income Producing Property 4137 Bay Street, Fremont CA $2,380,000 RETAIL RESTAURANT AND RESIDENTIAL UNITS Multi-Tenant - Diversity of Income Located in the Center of Fremont Approximately 2 Miles from the BART Fremont Station Home to Growing Cluster of Over 40 Clean Tech Companies such as Tesla, Imergy, Soraa and SolarCity, Thermo Fisher, etc. Two Story Free-Standing Commercial Building Building Size: Approximate 3404 sqft Lot Size: Approximate 6909 sqft Upper Level: 2 Units - 2B/1 B & 1 B/1 B with large balcony Upper Level rental income ~ $50,000/year Cap Rate: 6%-9% Sell at As-Is Conditions Lower Level: Existing Chinese BBQ Restaurant 9 on site parking spaces in private lot ( 2 covered parking plus street parking) Fay Chen: FayChenRealtor@gmail.com CONTACT LISTING AGENT- DO NOT DISTURB OWNER OR EMPLOYEES SHOWING WITH APPOINTMENT ONLY! 1288 Kifer Road, Suite 208, Sunnyvale, CA Cal BRE: Fay Chen

2 Property Description: Two Story Free Standing Commercial Building Up level: two units residential 2 beds 1 bath and 1 bed / 1 bath Lower Level: 1900 SQFT existing busy & popular Chinese BBQ restaurant 9 Parking spaces, also can park on street Approximate 6909 SQFT Lot Options: Sellers can stay or lease back the restaurant or help buyer to operate the business. Ask Listing agent for Restaurant detail operation data For sell at As-Is conditions Property Location Description: Fremont is a city of over 233,136 (2016) people with an area of 90-square miles, making it the fourth most populous city in the Bay Area and California's 15th largest city. Fremont is the ideal place to live, work and visit. The city takes pride in its diversified, globally connected economy where businesses can be successful and residents and visitors can enjoy high-quality programs and services. Fremont is home to over 1,200 high tech, life science, and clean technology firms which leads to a broad range of quality and a superior workforce. Top employers in the area include: Tesla, Lam Research Corporation, Seagate, Synnex, Thermo Fisher Scientific, Washington Hospital and Western Digital. With its moderate climate and its proximity to major universities, shopping areas, recreation and cultural activities, employment centers, major airports, and the Bay Area Rapid Transit system, Fremont captures metropolitan living at its best. Highlights: Multi-Tenant - Diversity of Income Located in the Center of Fremont Approximately 2 Miles from the BART Fremont Station Population of Over 323,800 People in a 5 Mile Radius Population of over $180,610 in 1 Mile Radius Home to Growing Cluster of Over 40 Clean Tech Companies such as Tesla, Imergy, Soraa and Solar City, Thermo Fisher Tremendous Development in the Area

3 Major Projects in Irvington District 8. Connolly Center: Demolition of existing Structures and construction of approximately 55 attached townhome residential units and 11 attached live/work unit is proposed at Fremont Blvd. and Chapel Way in Irvington Community Plan Area (Approved) 9. Laguna Commons: This affordable housing project on Fremont Blvd near Irvington Ave. will provide 64 much needed rental units and support services for residents (Complete) 11. Osgood Residences: The Osgood Residences project proposes 93 residential condo units that will replace an existing contraction materials yard on Osgood Rd. near the future Irvington BART Station (Approved) 10. Mission Place: Construction of 24 Townhome-style condo units was recently completed at Driscoll Rd. in the Mission San Jose Community Plan Area. (Completed)

4 Demographic Schools

5 Schools Key Facts

6 Property Photos I

7 Property Photos II