BOV - 902 Carmel Ave - Matt Reigan

Phone: 415.246.4081

CONFIDENTIALITY AGREEMENT

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, verac-ity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be veriffed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or perfor-mance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable go ernmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Studio City in compliance with all applicable fair housing and equal opportunity laws.

OFFERING SUMMARY

Keller Williams Commercial is pleased to present 902 Carmel Ave, a meticulously maintained multi-tenant therapy office in the heart of Albany’s Upper Solano Avenue shopping district.

Originally a MacGregor single family home, the property was extensively remodeled in 1988 to accommodate for eight practitioners in a welcoming environment. The office retains original charm with built-in cabinetry, fireplace, casement windows, and garden charm. 902 Carmel Avenue is located just off Solano Avenue. The property boasts a walk score of 94, with a wide range of national and local retail amenities within blocks.

The property offers flexibility for owner-users and investors alike. While it is currently fully occupied, over 51% of the leasable square footage can be owner-occupied by mid-2024, making it eligible for SBA financing. There is upside in the leases, which are all up for renewal over the next 30 months.

Upgrades to the property include central HVAC, upgraded electrical, insulated walls and double doors for privacy, and a main lobby with central intercom.

DEAL HIGHLIGHTS

• Impeccably Maintained, trophy asset

• Highly desirable medical office product

• Top tier Solano Avenue location

• Eligible for owner-user SBA loan

• Eligible for conversion to Single Family

PROPERTY SUMMARY

FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

902 CARMEL AVE, ALBANY, CA 94706

RENT ROLL

PROPERTY PHOTO

PROPERTY PHOTO

PROPERTY PHOTO

ALBANY, CA

Albany, California, is a sought-after location in the real estate market. With its proximity to the San Francisco Bay Area, excellent schools, and a tight-knit community, Albany attracts homebuyers and investors. The city offers a mix of charming single-family homes, modern townhouses, and condominiums. Its scenic beauty, parks, and recreational opportunities add to the appeal. Albany’s convenient access to transportation, vibrant commercial areas, and a thriving arts scene make it a desirable place to live, contributing to the strong demand for real estate in the area.

BEST SUBURBS TO LIVE IN CALIFORNIA

#1 of 528

BEST SUBURBS TO RAISE A FAMILY IN CALIFORNIA

#3 of 528

19,958 POPULATION

$963,700 MEDIAN HOME VALUE

$2,110 MEDIAN RENT $113,602 MEDIAN HOUSEHOLD INCOME

SITE ATTRACTIONS