3664-3666 Grand Ave - Office FOR SALE


Oakland, CA 94610
$2,950,000 USD
925-550-9540
3664-3666 Grand Ave, Oakland, CA for Sale
$2,950,000 USD
Office - FOR SALE
1/11
null | 6.7% Cap Rate

3664-3666 Grand Ave
Oakland, CA 94610


HIGHLIGHTS

  • Great Owner-User or Investment Opportunity
  • On-site parking
  • Close proximity to amenities
  • Easy Access to I-580
  • Virtual Tour available

OVERVIEW

Wells & Bennett is pleased to present this exceptional opportunity to acquire for the first time in 50 years, 3664-3666 Grand Avenue (“Property”), located in the affluent Grand Lake Community of Oakland. The property consists of a 10,070 square foot two-story commercial office building on two parcels consisting of approximately 9,875 square feet. There are thirteen (13) onsite parking spaces in the paved parking lot directly behind the building. The building is conveniently located near shopping and dining amenities, with easy access to I-580. This is an excellent opportunity for an owner-user or value-add investor. There is currently ±3,660 rentable square feet (“RSF”) of vacant space in the building which represent 36% of the total RSF. With (3) tenants on short term leases, an owner-user could capture additional space as needed.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,875 SF

ZONING

CN-3/RM-2

APN/PARCEL ID

011-0844-002-01,011-0844-004-03

ASK ABOUT THIS PROPERTY

Kelly KlinglerWells & BennettMore Info
925-550-9540

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Kelly KlinglerWells & BennettMore Info
925-550-9540

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