For Sale View Offering Memorandum

Citibank Richmond

3634 MacDonald Ave, Richmond, CA 94805

Property Stats

GSF4,722
TypeOffice
Sub-typeNot specified
Use TypeNot specified
Lot SizeNot specified
MSANot specified
Year BuiltNot specified

Property Details

Property Description

Investment Grade Tenant - Citibank
Triple NNN lease
CAP Rate: 4.5%
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)

Highlights

  • Triple NNN Investment grade tenant
  • Re-development potential
  • 5.5 year lease with four 5 year options

Property Map

Additional Info

  • Number of Floors: Not specified
  • Under Construction: No
  • Building Class: Not specified
  • RSF: Not specified
  • USF: Not specified
  • Acres: 0.29

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.