5000-5004 Telegraph Ave - Storefront FOR SALE


Oakland, CA 94609- Temescal
$13,500,000 USD
415-706-0008
5000-5004 Telegraph Ave, Oakland, CA for Sale
$13,500,000 USD
Storefront - FOR SALE
1/10
null | 7.67% Cap Rate

5000-5004 Telegraph Ave
Oakland, CA 94609
Temescal


HIGHLIGHTS

  • Extraordinary Investment Opportunity
  • Five Adjacent Parcels
  • 31,000 Rental Square Feet
  • Iconic Neighborhood Property
  • Outstanding Local Tenant Profile

OVERVIEW

The Temescal Portfolio includes 5000-5010 Telegraph Avenue, 4926 Telegraph Avenue, and 470 49th Street, which is a diverse collection of trendy shops, quality food, artists, studios, and apartments. With approximately 31,900 square feet of rentable space, this rare portfolio is strategically positioned near the MacArthur BART station, the largest in the BART system. It is also situated along the main retail corridor that connects the University of California, Berkeley campus, and downtown Oakland, ensuring high foot traffic potential. The Temescal Portfolio is a unique collection representing the vibrant Temescal neighborhood. It features a diverse mix of local artists showcasing their work and is home to famous weekly farmers market and street festivals, which attract locals and visitors. The properties are located in the most vibrant blocks along the Temescal/Telegraph area, with adjacent tenants like Whole Foods Market and Temescal Plaza, making them a local treasure. The overall outlook for the subject neighborhood is not just positive, but promising. There are limited, vacant development sites in the neighborhood; however, some sites have been or are available for redevelopment into multistory, mixed-use retail/commercial buildings. Property maintenance levels vary from good to excellent. The neighborhood is in close proximity to the affluent neighborhoods of Rockridge, Piedmont, and Montclair. Changing market conditions and anticipated, in addition to the exciting possibility of a tax-free 1031 exchange, make this a very attractive investment opportunity.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$4,286 USD /SF

CAP RATE

7.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,700 SF

ZONING

-

APN/PARCEL ID

013-1152-019-00

ASK ABOUT THIS PROPERTY

Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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