151
Listing Type : Investment Opportunities
Status : ACTIVE
Size : 14,570
Lot Size (Acres) : 1.2
APN : 405–302–012–1 (A&B)
Medical or Recreational : Both
City Tax Rate : Antioch
Sale Type : Cash
Company Name : CBRE
Phone : 925 296-7750

Hilltop Center, located

at 2920-2928 Hilltop Mall Rd, Richmond, Ca. Hilltop Center is a

14,570 sf Office/Retail complex, comprised of two buildings on

two separate parcels. The property offers stable tenants, excellent

visibility and signage as well as an unequaled location across

from the Hilltop Mall, now known as Hilltop By The Bay, a 1.2

million square foot shopping center under redevelopment.

Hilltop Center is currently leased to two long term tenants that

occupy 100% of the rear building. The front and most visible

building is available and demised for multiple tenants, owner/

user, or can be combined to offer one space measuring 9,590 sf.

Strong Submarket Fundamentals

Hilltop Center is one of the only available Office or Retail properties

in direct proximity to the redevelopment of Hilltop By The Bay.

Outstanding Yields

The property generates strong cashflow and offers an attractive upside. At only 34% occupancy, current in place

NOI is $210,000 with long term leases from a licensed cannabis tenant.

Rental Upside

Opportunity to almost double the rental income with lease up of the currently vacant space. See projections

provided on page 10.

Discount to Replacement Cost

Current cost to replace the land and existing improvements are estimated to be substantially higher, thus providing

the new owner substantial rental protection.

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