The Granada net lease w/5 years remaining

[Agent001]

The Granada at Sather Gate
2510 Bancroft Way, Berkeley, CA 94704
The Granada Building

http://www.loopnet.com/lid/16216107

* Price: $22,000,000
* Building Size: 45,836 SF
* Price/SF: $479.97
* Property Type: Multifamily
* Property Sub-type: Mid/High-Rise
* Additional Sub-types: Street Retail
* Property Use Type: Net Lease Investment with 5 years left on lease
* Cap Rate: 6.50%
* Tenancy: Multiple
* Lot Size: 0 AC
* Find Out More...

Last Verified 12/15/2009 Listing ID 16216107
Description

The Granada is an historic mixed-use retail and apartment building. It has 45,836SF on .388 acres and houses 9 retail tenants and 46 apartments. With its immediate proximity to Sather Gate & Sproul Plaza at the UC Berkeley campus, this building provides an excellent, safe and long-term investment. The 2 adjacent retail buildings are for sale as well - all 3 buildings may be purchased together or separately. The adjacent buildings are single-tenant properties - one, on Bancroft Way has Cafe Milano; the other, on Telegraph Ave., has adidas. * To receive the package, please submit Confidentiality Agreement to broker *

The Granada at Sather Gate is located directly across the street from the Cal Berkeley Student Union, Sproul Plaza and Sather Gate, the primary gathering place for the 35,000 Cal Berkeley students. The immediate proximity to Sather Gate and Sproul Plaza assures a solid, consistent and long-term customer base of students for the retail stores and apartments, thus providing an excellent safe, long-term investment.

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