Citibank Richmond
3634 MacDonald Ave, Richmond, CA 94805
Investment Grade Tenant - Citibank Triple NNN lease CAP Rate: 4.65% Rent increase: 1.5% annual Citibank recently waived their termination clause showing commitment to the site. Building: 4,722 sqft Lot size: 12,500 sqft 5.5 year remaining on Lease PLUS Four 5 year Options Re-development Potential into mixed-used (buyer to verify): CITY ZONING ALLOWANCES: Can build up to 70 feet x.29 AC = 20 units (max) For commercial part, FAR 2.0; Can build up to 5 story and 55 feet (BUYER TO VERIFY)