22971 Sutro St, Hayward, CA

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Executive Summary
Property Highlights
Location

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FREESTANDING OFFICE BUILDING

22971 Sutro St, Hayward, CA Building Size : ± 5,128 SF

$1,175,000 ($229/SF)

Executive Summary

Due Diligence

The Ivy Group is pleased to offer FOR SALE a free standing, single story office building located in Hayward, CA. The Property provides an owner/user, or an investor the opportunity to purchase a highly sought after office property located in the established 880 East Bay submarket corridor.

INVESTMENT HIGHLIGHTS:

Ingress / Egress: The property consists of three points of ingress / egress, making it convenient and easy to access.

Entrance / Exit: The property consists of five points of entrance / exit, allowing the convenience to enter and exit the building with ease, and/or to convert to multi tenant scenario.

Excellent Curb Appeal: Pride of ownership with well maintained sidewalks, landscape and paint.

Bread & Butter Neighborhood Office Building: Prototypical office building with private offices layout with efficiently sized suites conducive to office / medical uses.

Corner Location At Signalized Intersection: Located at the signalized intersection of the heavily traveled Jackson Street (CA-92) and Meek Avenue with exposure to high traffic counts.

Strong Demographics: Irreplaceable location situated in the heart of the supply constrained 880 corridor trade area. Densely populated location with 57,250 population with a median household income in excess of $112,897 within 2 miles radius.

Longstanding, Internet Resistant Tenancy: The Property is currently vacant, offering the buyer with an opportunity to occupy it for its own business, or an investor to place a tenant at market rate to serve the needs of the surrounding community.

Tight Market Fundamentals: Infill and mature trade area with limited sites available for future development creating high barriers to entry for future competition. The Hayward office submarket boasts a low 4.7 % vacancy rate with 3.9M square feet of inventory.

Ideal 1031 Exchange: Prime neighborhood office building with a significant value-add component makes the Property an ideal 1031 Exchange candidate. This property is part of the General Plan with a Medium Density Residential (MDR) designation, which offers the buyer to potentially redevelop the building to achieve desired returns.