3640 Grand Ave - Office FOR SALE


Oakland, CA 94610- Grand Lake
$5,100,000 USD
925-627-2888
3640 Grand Ave, Oakland, CA for Sale
$5,100,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

3640 Grand Ave
Oakland, CA 94610
Grand Lake


HIGHLIGHTS

  • Great Owner-User or Investment Opportunity
  • Secured onsite parking
  • Close proximity to amenities
  • Adjacent to the Oakland Hills
  • Easy Access to I-580
  • Diversified Rent Roll

OVERVIEW

3640 Grand Avenue is an excellent opportunity for an owner-user or value-add investor. The building is well-located along the Grand Avenue corridor adjacent to the affluent Oakland Hills. There are sixteen (16) onsite secured parking stalls. The building is within walking distance to numerous retail and restaurant amenities. The location also offers convenient access I-580. There is currently ±4,415 rentable square feet (“RSF”) of vacant space in the building which represent 38.9% of the total RSF. The largest contiguous block of vacant space is located on the second floor consisting of ±3,383 RSF. Based on the flexibility of the rent roll there are additional expansion opportunities that can be explored which are contiguous to the second floor vacancy. The building is currently occupied by fourteen (14) tenants making it ideal for a buyer seeking the stability of a diversified rent roll. This asset also offers exceptional flexibility for an owner-user to scale their footprint up or down depending on the current or future needs of their business.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CN-3

APN/PARCEL ID

011-0844-032-01

ASK ABOUT THIS PROPERTY

Chris BakerCushman & WakefieldMore Info
925-627-2888

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Chris BakerCushman & WakefieldMore Info
925-627-2888

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