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Off Market
1/8

388 9th St
Oakland, CA 94607


HIGHLIGHTS

  • Hassle-free investment opportunity to sell and lease back fully occupied restaurant spaces with a 7% cap rate at the Pacific Renaissance Plaza.
  • Dynamically located in Oakland's Chinatown near several amenities, including Starbucks, Bank of America, Pure Barre, and Sweetgreen.
  • Units boast flexible lease terms, including a fixed NNN lease in place for five years and two five-year renewal options.
  • Conveniently reach the Pacific Renaissance Plaza within minutes via Interstates 880 and 980 and the 12th Street /Oakland BART Station.

OVERVIEW

Seize the opportunity to invest in a fully leased restaurant, Units 159 and 286, at the Pacific Renaissance Plaza in Oakland, California. These sale-and-leaseback opportunities have a fixed NNN lease for five years, two five-year renewal options, and a 7% cap rate. Pacific Renaissance Plaza, built in 1992 and renovated in 2016, is a two-story office and retail condominium spanning over 88,000 square feet with a three-level parking lot. At the plaza's core, find an inviting fountain with an abstract sculpture and flowing water that starts at 10 a.m. daily. Several notable tenants have a presence at the plaza, including the Asian Branch of the Oakland Library, Bank of the Orient, Stanford Health Care, Quest Diagnostics, and Oakland Asian Cultural Center. The Pacific Renaissance Plaza is ideally located in Central Chinatown, just 0.5 miles from the Jack London Square waterfront. Walkable to the Central Business District, employees and visitors can cross off items on their to-do list before, during, and after working hours. This property is ideally neighbored by lodging accommodations such as the Oakland Marriott City Center and Hampton Inn Oakland Downtown-City Center.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

UC Dessert & Sakura Sushi Bistro Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bank, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

88000

STORIES

2

YEAR BUILT

1992

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

002-0059-030-00,002-0060-342-00,002-0060-345-00,002-0060-363-00,002-0060-364-00,002-0060-375-00,002-0060-376-00,002-0060-377-00