400 30th St - Medical FOR SALE


Oakland, CA 94609
$4,250,000 USD
415-694-9698
400 30th St, Oakland, CA for Sale
$4,250,000 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

400 30th St
Oakland, CA 94609


HIGHLIGHTS

  • Tremendous Upside Potential – Significant discount to historical value, with a clear path to renovations and stabilization within twenty-four months.
  • Campus Adjacent — prime corner location across from the Sutter Health Alta Bates Summit Campus and neighboring the under-construction Sandford Medical
  • Long Term Potential – Strategically positioned to benefit from SHABSC and to attract tenants seeking hospital adjacency
  • Superb Freeway Access – Immediate access to Interstates I-580 and CA-24 (3 minutes).
  • Ideal Floor Plate Size – An average floor plate of 7,000 SF is perfect for the post-COVID tenant.
  • Rare On-Site Parking – 33 secured parking spots with the ability to increase capacity through valet services.

OVERVIEW

Newmark, as exclusive advisor, is pleased to present to quali?ed investors the opportunity to acquire a 100% fee-simple interest in 400 30th Street (the ‘Property’), an approximately 25,000-square-foot medical office building in the heart of Oakland’s Pill Hill submarket. The Property is available at a remarkable discount compared to its historical value, with a clear path towards becoming a fully renovated and stabilized asset within twenty-four months. Strategically positioned at an irreplaceable corner location adjacent to the Sutter Health Alta Bates Summit Campus, the Property enjoys unparalleled accessibility and visibility. Its close proximity to the under-construction Standford Medical Sutter Health Cancer Center, a 170,000 square foot facility with a development budget of $377,000,000 guarantees sustained relevance and demand. Moreover, Sutter Health’s ambitious Master Plan for the Alta Bates Summit Campus, which encompasses new buildings, public plazas, and infrastructural enhancements, will directly and indirectly benefit 400 30th Street. The Property’s prime location accommodates tenants seeking adjacency to Sutter Health as well as those displaced from neighboring Sutter Health-owned properties. A renovated 400 30th Street will be well-positioned to enjoy significant tenant retention with a large pool of replacement tenants. Renovated assets in this submarket consistently outperform with better leasing velocity and higher rental rate achievement than older peers. ***Please Visit Our Website For More Information: https://www.nmrk.com/properties/western-region-investment-sales?propertyId=400-30th-street-oakland-400-30th-sale ***

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

S1

APN/PARCEL ID

009-0746-030-00

ASK ABOUT THIS PROPERTY

Seth McKinnonNewmarkMore Info
415-694-9698

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Seth McKinnonNewmarkMore Info
415-694-9698

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