1025 98th Ave - Distribution FOR SALE


Oakland, CA 94603- Outer East Oakland
$9,500,000 USD
619-905-9097
1025 98th Ave, Oakland, CA for Sale
$9,500,000 USD
Distribution - FOR SALE
1/7
null | Request Cap Rate

1025 98th Ave
Oakland, CA 94603
Outer East Oakland


HIGHLIGHTS

  • Large open distribution space, fully sprinklered, multiple docks outside and inside, with second floor new offices

OVERVIEW

There are two buildings. Price covers both buildings. Main building is owner occupant opportunity with 41,620 sf warehouse with 5 grade level doors and 4 dock high bays. Currently used for Textile Rag company that will be relocated at close of escrow. Second building is 17,340 sf tenant occupied cannabis operation with lease through 1/31/25 with 5 year option generation an annual rent of $482,443 per year NNN.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg 2

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

22 Ft

DOCKS

5

DRIVE INS

5

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.67

LAND SF

116,305

ZONING

IG/S-19

APN/PARCEL ID

044-4989-010-06

ASK ABOUT THIS PROPERTY

Erik WieseWiese & AssociatesMore Info
619-905-9097

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Erik WieseWiese & AssociatesMore Info
619-905-9097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.