Press Releases
Marcus & Millichap Brokers $5M Sale of Single-tenant Net-Leased Peet’s Coffee & Tea property in Alameda, California
August 10, 2026
ALAMEDA, Calif., August 10, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1901 Webster St., a 3,000 square-foot single-tenant net leased Peet’s Coffee & Tea in Alameda, California. The asset sold for $5 million or $1,666.67 per square foot.
"Properties occupied by established regional brands in mature Bay Area markets continue to attract investor demand because opportunities to develop comparable assets are increasingly limited," said Mark Mason, senior managing director investments. "Peet's Coffee has deep roots in the East Bay, and the property's drive-through configuration is difficult to replicate in Alameda's built-out retail environment, making it a compelling long-term investment."
Mason in Marcus & Millichap's San Francisco office, procured the buyer, a California based private corporate trust. Brandon Norton and David Lucas of Monarch Commercial Advisors in Walnut Creek, California represented the seller, a California based add-value private client.
Built in 1986, the property consists of a 3,000-square-foot building on a .4-acre parcel. The property is occupied by Peet’s Coffee & Tea under a 10-year lease with fixed annual rent increases. The buyer plans to hold the property for long-term cash flow.
"Properties occupied by established regional brands in mature Bay Area markets continue to attract investor demand because opportunities to develop comparable assets are increasingly limited," said Mark Mason, senior managing director investments. "Peet's Coffee has deep roots in the East Bay, and the property's drive-through configuration is difficult to replicate in Alameda's built-out retail environment, making it a compelling long-term investment."
Mason in Marcus & Millichap's San Francisco office, procured the buyer, a California based private corporate trust. Brandon Norton and David Lucas of Monarch Commercial Advisors in Walnut Creek, California represented the seller, a California based add-value private client.
Built in 1986, the property consists of a 3,000-square-foot building on a .4-acre parcel. The property is occupied by Peet’s Coffee & Tea under a 10-year lease with fixed annual rent increases. The buyer plans to hold the property for long-term cash flow.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
