3634 Macdonald Ave

    Richmond, CA 94805
    • $2,351,000
    • STATUS: Active
    • ON SITE: 147 days
    • ID#: ML81758363
    UPDATED: 37 min ago
    $2,351,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,677
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    Description

    Great stabilized income producing property in Richmond, CA with accredited tenant - Citibank 1.5% annual increases in rent Total term: 30 years ( Original lease signed in 2014 which expires in 2024 plus Four 5 year options ) Citibank has waived its termination clause recently, showing commitment to the site. Triple Net Investment Grade Tenant CitiBank CAP Rate: 5.7% Light rail public transit on MacDonald Ave There is a bus stop right in front of the Citibank Proximity to BART, Freeways and soon to start ferry service to SF Redevelopment potential: Zoning is CM-4 in the future if and when the bank leaves. The city will allow mixed used (transit oriented)

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-11-21T20:49:13.553. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/96320966

    3634 Macdonald Ave Richmond, CA 94805

    • Price: $2,351,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: ML81758363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,677
    SQFT
    $503
    $/SQFT
    1978
    Built
    Neighborhood:
    San Pablo Proper
    County:
    Contra Costa
    Area:
    San Pablo Proper
    Property Description
    Great stabilized income producing property in Richmond, CA with accredited tenant - Citibank 1.5% annual increases in rent Total term: 30 years ( Original lease signed in 2014 which expires in 2024 plus Four 5 year options ) Citibank has waived its termination clause recently, showing commitment to the site. Triple Net Investment Grade Tenant CitiBank CAP Rate: 5.7% Light rail public transit on MacDonald Ave There is a bus stop right in front of the Citibank Proximity to BART, Freeways and soon to start ferry service to SF Redevelopment potential: Zoning is CM-4 in the future if and when the bank leaves. The city will allow mixed used (transit oriented)
    Exterior Features

    Foundation Concrete SlabOther Garage Parking Assigned SpacesOff-Street ParkingOn StreetParking Area Roof CompositionFlat / Low PitchMetalOther Sq Ft Yard 12500 Stories 1

    Interior Features

    Cooling Other Heating Other Sq Ft Warehouse 0 Structure Sq Ft 4677

    Property Features

    Accessibility Features Parking Additional Listing Info Not Applicable Business Name Citibank Business Type Office BuildingRetail City Limits Yes City Name Richmond Community Name Citibank Cross Street 37th Street Facilities Conference/Meeting RoomManager's OfficeOfficeReception RoomRestroom(S)Restrooms-Private Incorporated Yes Lot Size Area Maximum 12500.00 Meters Master ElectricMaster GasMaster Water Number Tenants 1 Present Use Office Restrictions None Security Features VaultOther Sewer Septic Sewer - PublicUnknown Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning Cm-4

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Ravi Jagtiani of Intero Real Estate Services.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-11-21T20:49:13.553. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
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