Marcus & Millichap recently facilitated the sale of a 6,603-square-foot retail property located in San Leandro. The asset was sold for $2,950,000 and was marketed by Quentin Caruso, senior associate, and Vince Schwab executive managing director investments from Marcus & Millichap’s San Francisco office on behalf of the seller – a partnership.
According to Caruso: “The property received offers from three different buyers within two months of being on the market. This allowed our client to secure favorable closing terms with the strongest buyer.” The buyer is a local private investor who plans to maintain current tenants at this six-unit strip retail building which includes popular businesses such as Tsuru Sushi, Ippai Izakaya , BevBox convenience store and Tapioca Express. All leases are triple net with no deferred maintenance making it an attractive investment opportunity.
This transaction highlights continued demand for well-located triple-net properties in desirable markets like San Leandro.
