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$10,900,000
Address Hidden
63,406
Square Feet
Now $10.9M | In Place 10.88% Cap at current 80.5% occupancy | Priced Below Replacement Cost | $172/SF | Proven income for years | Clear upside by filling the vacant warehouse space. This is a stabilized asset with large upside. In Place solid ROI and growing. Very strong and stable upside. Highly Desirable Location for Cannabis Tenants. Secure building. Easy Freeway Access. Just Minutes Away from Dispensaries. D-ce-6 Central Estuary District Industrial Zone - 6: This Zone Allows Industrial and Manufacturing Uses, Transportation Facilities, Warehousing and Distribution, and Similar Related Supporting Uses. Cannabis Related Business Include: Type 7 Volatile Substances, Type 6 Non-volatile Substances, Cultivation, Manufacturing, Commercial Kitchen, Laboratory, Co-packing, and Delivery-only Dispensary.
Offered By
NAI Northern California
Property Details
Property Type
Commercial Sale
Status
Active
Property Sub Type
Commercial Sale
Square Feet
63,406
MLS #
41024455
Year Built
1966
Roof
Composition
Parking Features
Assigned, Enclosed, Other
Lot Features
Warehouse
CITY
Oakland
COUNTY
Alameda
AREA
Listing
STATE
CA
LATEST UPDATE
2024-04-10T05:03:41.438Z
PRICE CHANGE(S)
$18,900,000 Apr 17, 2023
$17,900,000 May 18, 2023
$15,900,000 Jun 13, 2023
$15,400,000 Aug 10, 2023
$13,900,000 Jan 2, 2024
$10,900,000 Feb 14, 2024
Property Details
Property Type
Commercial Sale
Status
Active
Property Sub Type
Commercial Sale
Square Feet
63,406
MLS #
41024455
New Properties On Market
24
50%
Increase In New Listings
Average Asking Price
$757,791
$15,475 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$398
$5 Increase In List Price/Sq. Ft.
Data as of May 02, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
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Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2024 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2021 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.