Property Highlights
• Asking Price: $899,000
• 75% LTV, Interest Only at 5% Seller Carry Loan Available
• Fully-Vacant Retail Unit of Approximately 1,500 Sq. Ft. Featuring a Vacant ADU in the Rear, Providing One Off-Street Parking Space
• Prospective Investors Have the Option to Owner-Occupy, Lease-Back, or Place a New Tenant at Market Rate
• Unique Opportunity to Implement an NNN Investment Strategy and Receive a Consistent Cash Flow Stream With Minimal Management Stress
• 7.7% Cap Rate & 9.15 GRM
• High Visibility With a Glass-Lined Frontage and Perfectly Located in Redwood Heights, Along a Busy Retail Strip on MacArthur Boulevard

Property Summary
Property Type: Retail
Asking Price: $899,000
Year Built: 1929
Number of Units: 2
Building Size: 1,900 SqFt
Price/SqFt: $473.16
Cap Rate: 7.7%
Market Cap Rate: 7.7%
GRM: 9.15
Market GRM: 9.15
Lot Size: 2,766 SF

Property Overview
The Pinza Group is excited to present an excellent retail investment opportunity, which is now fully vacant. This structure was built in 1929, and it has 1,500 square feet of space that can be rented out. It is located on a 2,766 SF lot. The building has a non-conforming ADU totaling about 400 square feet at the back of the property, which provides investors with an additional revenue stream if they decide to lease the unit at market rate. There is one off-street parking space available. The retail space is versatile, providing investors with the option to either lease back the property, owner-occupy the space, or find a new tenant at market rate. This property presents investors or operators with
the ability to implement a NNN investment strategy, which can provide them with a consistent stream of rental income with less management stress.

Location Overview
Located to the east of downtown Oakland, Redwood Heights enjoys gentle sea breezes and maintains a balmy Mediterranean climate. Just to the east, the green slopes of Redwood Regional Park beckon hikers, joggers, picnickers, and horseback riders alike. Within the neighborhood, the Redwood Heights Recreation Center has abundant sports and activity programs. When you need to go shopping, head to Lincoln Square, the go-to shopping mall for Redwood Heights residents.