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.