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Schafer Park Sells for $8.75M

Retail Shopping Center Sold in Hayward
February 8, 2005
Schafer Park Investors LP purchased 400-60 W. Harder Road in Hayward for $8.75 million, or $227 per square foot at a 7.14% cap rate.

Built in 1958, the neighborhood retail center totals 38,513 square feet on 3.96 acres. Major tenants include Grocery Outlet, Mountain Mikes Pizza, Tinfu Restaurant, El Corral Taqueria, Dasher and LAL Electronics.

Paul Gradeff of High Bridge Properties in Mill Valley represented the buyer. Lisa LaManna of Colliers International in Pleasanton represented the seller, Borel Private Bank & Trust Co. Please reference COMP# ALC-09021-01-0520 for more information.
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