Video Executive Summary Highlights Pictures

22971 Sutro Street, Hayward, CA, USA

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

Status: Sold on June 2024

22971 Sutro St, Hayward, CA

Executive Summary

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.
Offering Memorandum
  • Hidden
Due Diligence
  • Hidden

Highlights

  • Building Size

    ± 5,128 SF

  • Lot Size

    ± 18,530 SF (± 0.43 acres)

  • Year Built

    1964

  • Zoning

    Neighborhood Commercial (CN)

  • Use

    Medium Density General Plan

  • Freeway Access

    Easy access to Interstate 880

  • Accessibility

    Convenient and easy access to major freeways

  • Bart Station

    Walking distance to Hayward BART Station

  • Bus Stop

    Walking distance to major bus stops

  • Parking

    12 on site spaces

  • APN

    431-48-52-5

Location

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

The property is walking distance to vibrant and amenities rich downtown Hayward, CA.

Property Photos

Other Listings

view all
Withdrawn
27369 Mission Blvd, Hayward, CA
Price:$1,888,888 ($342/SF)
Building Size: ± 5,520 SF
Lot Size: ± 15,285 SF (± 0.35 acres)
Year Built: 1963
Zoning: Mission Boulevard Corridor Neighborhood (MBCN)
Sold
3740 Foothill Blvd, Oakland, CA
Price:$1,100,000 ($455/SF)
Building Size: ± 2,413 SF
Lot Size: ± 6,565 SF (± 0.151 acres)
Year Built: 1920, recently renovated
Zoning: RU5
Expired
1983 Alpine Way, Hayward, CA
Price:$1.68/SF MG
Building Size: Total Available Size: ± 24,870 SF | Min divisible: ± 12,435 SF
Lot Size: ± 58,065 SF (± 1.33 acres)
Year Built: 1972
Zoning: Industrial
BUYING A PROPERTY? Learn About Acquisition Services
THINKING OF SELLING? Learn About Disposition Services
NEED TO LEASE A BUILDING? Learn About Leasing Services