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362 8th St.
Oakland, CA 94607
Asking Price
$3.50M
Asset Type
Convenience Store Retail
Class
Class B
What's Special
3 Storefronts in Vibrant Oakland Chinatown <ul><li>Approx. 6,250 sq. ft. retail building featuring 3 storefronts</li><li>One unit currently leased, generating immediate income</li><li>Two other units include floor drains; one has a walk-in cooler, the other offers a ±1,000 sq. ft. mezzanine with bathroom</li><li>Fully remodeled and beautifully built-out for dessert and specialty beverage concepts</li><li>Prime location in Oakland's vibrant commercial corridor – ideal for owner-occupant or investment opportunity</li></ul>
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
