Aerial Footage

Price: $3,790,000

Investment Highlights:

• Currently occupied by Lifetouch Portraits. The lease expires in Jan 2023

• Potential to demise into four separate suites

• Excellent parking 4/1000 parking ratio

• Grade Level Roll up door in rear

• Great Corner Location within a close proximity to numerous retail amenities

• Close to Nimitz I-880 and I-238 on Mission Blvd

• Off Industrial Parkway, a main arterial corridor connecting to the I-880

• Located at the gateway for the Huntwood Industrial Park

Property Description:

Cerro Vista is pleased to present 30351 Huntwood Avenue, a 13,800 square foot single story office building which sits on a 1.41 acre lot on the corner of Industrial Parkway and Huntwood Ave in the City of Hayward.

The building is currently leased to Lifetouch Portraits Inc. Their lease ends in January 2023. The building is of a wood frame construction on a concrete foundation. The building has been well maintained over the years and is in good condition. The current build out is comprised of mostly office space with a small warehouse for storage, and a studio with lifted ceilings.

The Offering:

Property: 30351 Huntwood Avenue

Property Address: 30351 Huntwood Ave, Hayward, CA 94544

Property Type: Office Building

Assessor's Parcel Number: 475-0021-012-00

Site Description:

Parcel Size: 61,424

Type of Ownership: Fee Simple

Rentable Square Feet: 13,800

Floor Area Ratio (FAR): 0.22

Zoning: Industrial

Parking: 4/1000

Parking Ratio: 4.07 Per 1,000 sq.ft

Landscaping: Light Perimeter

Topography: Level

Street Frontage: Huntwood Ave

Cross Street: Industrial Parkway

Highway Access: I-880, 238, I-580

Land for Additional Development: Yes

Construction:

Year Built: 1981

Construction Type: Wood Frame

Number of Floors: One

Floor Plate Size: 13,600

Foundation: Concrete

Parking Surface: Asphalt

Roof: TBD

Mechanical:

Elevator: None

Utilities: PG&E, water, sewer, all in place

Interior Detail:

Ceilings: Dropdown acoustical

Floor Coverings: Tile, Carpet

Area Map

Property Analysis - Future Tenant

Operating Assumptions:

Property Name: 30351 Huntwood Ave

Location: Hayward, CA

Months in Year: 12

Rentable Square Feet (RSF): 13,800 sq. ft.

Property Management Fees %: 3.3%

Common Area Maintenance (CAM) per RSF per Year: $1.01 sq. ft. / Yr

Common Area Maintenance Annual Growth Rate: 3.0%

Insurance per RSF per Year: $1.08 sq. ft. / Yr

Insurance Annual Growth Rate: 3.0%

Real Estate Taxes: $30,532.52

Real Estate Taxes Annual Growth Rate: 2.0%

RET per RSF per Year:  $0.45 sq. ft. / Yr

Common Area Utilities per RSF per Year:  $0.05 sq. ft. / Yr

Common Area Utilities Annual Growth Rate: 3.0%

Acquisition and Exit Assumptions:

Acquisition Date: TBD

Acquisition Price per Rentable Square Foot: $274.64/sq. ft.

Acquisition Price: $3,790,000

Rent Roll & Operating Assumptions: