8460 Edgewater Dr, Oakland, CA 94621
9,864 SF | 80% Leased | Retail Building | Oakland, CA 94621 | $6,000,000 ($608/SF) | 7.96% Cap Rate
Asking Price $6,000,000
- Property Type
-
Retail
- Square Feet
- 9,864 SF
- Price / Square Foot
- $608
Listing Contacts
Quentin Caruso
Verified Profile
Vincent Schwab
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in 8460 Edgewater Drive, Oakland, California (“subject property”). The subject property is a modern, five-unit, strip retail center with a diversified mix of predominantly national retail tenants. Current tenants include: Chipotle Mexican Grill, T-Mobile, Jamba Juice and Philly’s Best Cheesesteaks. Located within the Hegenberger Gateway Retail Center, the subject property offers close proximity to Oakland International Airport, the Oakland Airport Business Park (a commercial area comprising approximately 400 acres located northwest of the Airport), the Port of Oakland Business Center, and nearby hotels that cater to the airport travelers – Courtyard by Mariott, Hilton, SpringHill Suites by Mariott, Best Western Plus, and more.
All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region.
All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region.
Property Details
- Class
- B
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
Highlights
- National Brands: Chipotle Mexican Grill, T-Mobile, and Jamba Juice carry strong national recognition, excellent tenant credit, and a steady stream o
- High Visibility and Accessibility: Located on the well-trafficked Hegenberger corridor, benefitting from both local and airport-related vehicle and
- Minimal Landlord Responsibilities: All leases are on shopping center NNN leases.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].