2023 Fully Renovated RARE Berkeley, CA Class-A STNL Retail

Highlights:

• HIGH EXPOSURE PROPERTY with ease of access and direct street visibility. Building boasts an approx. 280 linear feet frontage
• FULLY RENOVATED/NEW CONSTRUCTION
• LOYAL CUSTOMER BASE AND STRONG REVENUE STREAM, making it an attractive investment for both owner-users and investors seeking a stabilized or value-add opportunity.
• HIGH CEILINGS, OPEN FLOOR PLAN, EXTENSIVE MODERN FLOORS & LIGHTING throughout
• HEAVILY TRAFFICKED CORRIDOR, 21,000 vpd and within half a block of University Avenue
• NO LANDLORD RESPONSIBILITIES, absolute NNN

Description:

DWG Capital Group, as the exclusive advisor, presents Lavender Bakery and Cafe, a rare opportunity to acquire a prime retail asset in the heart of Berkeley, California. The subject approx. 2,765 SF single tenant NNN Class A retail property is located in the Berkeley central business district at San Pablo Avenue and Ashby Avenue, surrounded by both excellent boutique and national brands, as well as many hip local tenants. The areas heralds scores of customers perfect for its use, only 1.5 miles from UC Berkeley and 0.8 miles from the water, and is supported by a WALKSCORE OF 97% and BIKESCORE OF 99%. The property is in an exceptional neighborhood, with low historical transactional volume and high demand.

FULLY RENOVATED NEW CONSTRUCTION
Originally built in 1927, prior ownership fully redesigned, upgraded and fully renovated the site into turn key condition in 2021 with further, additional renovations in 2023.

LOCATION, LOCATION, LOCATION
Located in a heavily trafficked Berkeley corridor with 21,000 VPD and situated within a half-block of University Avenue, the asset is a high exposure property and heralds both ease of access and direct street visibility to two main downtown thoroughfares. Adjacent to the SR1 highway and surrounded by heavy foot traffic, bike traffic, and car traffic it is bustling with COLLEGE STUDENT ENHANCED CUSTOMER BASE ALREADY IN PLACE.

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