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.