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Offering Memorandum
Former Pizza Hut Building282 S L St, Livermore, CA
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
NON-ENDORSEMENT NOTICE
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Presented by:
OFFICES NATIONWIDEwww.marcusmillichap.com
presented byInvestment Sales:
JJ TaughinbaughFirst Vice President InvestmentsPALO ALTOTel: (650) 391-1807Fax: (650) [email protected] License: CA 01413305
Yuri Sergunin, CCIMSenior Investment AssociatePALO ALTOTel: (650) 391-1764Fax: (650) [email protected] License: CA 01908322
MARKET AND PROPERTY ANALYSIS
4 This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Marcus & Millichap is pleased to be retained as an exclusive advisor
in marketing for sale a single tenant former Pizza Hut building in
Downtown Livermore, California.
This offering presents a rare opportunity for investors, developers,
and owner-users to acquire a well-positioned single tenant asset in an
urban infill location in one of the most highly sought after Greater San
Francisco Bay Area sub-markets.
The Subject Property is a +/- 1,184 square foot free standing retail
building sitting on a +/-10,000 square foot corner lot featuring great
visibility and frontage. A highly rare private parking lot adds to the
uniqueness and value of the property.
Livermore is a city in Alameda County, California, in the United
States. With an estimated 2014 population of 86,870, Livermore is
the most populous city in the Tri-Valley. Livermore is located on the
eastern edge of California’s San Francisco Bay Area.
Investment Highlights■■ Excellent Investment or Owner-User Opportunity in Downtown
Livermore
■■ Potential Re-Development or Re-Positioning Opportunity
■■ Rare Single Tenant Bay Area Asset
■■ Hard Corner Location
■■ Great Visibility
■■ Easy Ingress/Egress
■■ Abundant Parking
Investment OverviewFORMER PIZZA HUT BUILDINGsingle tenant downtown livermore, ca
Price $1,388,000
Building Size +/- 1,184 SF
Lot Size +/- 10,000 (0.23 Acres)
Current Use Single Tenant Restaurant
Occupancy Delivered Vacant
Construction Concrete Block
Foundation Slab
Parking 17 spaces
Landscaping Trees & Shrubbery
APNs 97-19-4-1 (2)
Year Built 1971
Zoning Downtown Specific Plan District (DSP)
Land Use Designation Downtown Area (DA)
Property Details
7
MARKET AND PROPERTY ANALYSIS
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Local Map
MARKET AND PROPERTY ANALYSIS
8 This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
9
MARKET AND PROPERTY ANALYSIS
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Parcel Map
Presented by:
OFFICES NATIONWIDEwww.marcusmillichap.com
presented byInvestment Sales:
JJ TaughinbaughFirst Vice President InvestmentsPALO ALTOTel: (650) 391-1807Fax: (650) [email protected] License: CA 01413305
Yuri Sergunin, CCIMSenior Investment AssociatePALO ALTOTel: (650) 391-1764Fax: (650) [email protected] License: CA 01908322
