560 14Th St, Oakland, CA 94612
19,854 SF | 65% Leased | Office Building | Oakland, CA 94612 | $4,000,000 ($201/SF) | 7% Cap Rate
For Sale
Active
Asking Price $4,000,000
- Property Type
-
Office
- Square Feet
- 19,854 SF
- Price / Square Foot
- $201
Listing Contacts
Michael McGuire
Gary Bettencourt
Property Overview
Excellent Investment or Owner/User Opportunity in the Heart of the CBD - Great As-Is Cap Rate with Exceptional Upside.
California Capital & Investment Group is pleased to present this incredible opportunity to acquire a 4 story office building with
large usable basement located just steps away from City Hall in the Heart of Oakland’s Central Business District. The property is
approximately 65% leased to long term tenants and presents a buyer with a great cash flow opportunity on existing income in
addition to great upside potential. This is also a great opportunity for an Owner/User that wants to utilize the vacant space for
its business while collecting great income from the existing tenants.
- As-is Cap Rate: 7%
- Current Vacancy: 35%
- +/- 7,000 SF immediately available for an owner/user.
California Capital & Investment Group is pleased to present this incredible opportunity to acquire a 4 story office building with
large usable basement located just steps away from City Hall in the Heart of Oakland’s Central Business District. The property is
approximately 65% leased to long term tenants and presents a buyer with a great cash flow opportunity on existing income in
addition to great upside potential. This is also a great opportunity for an Owner/User that wants to utilize the vacant space for
its business while collecting great income from the existing tenants.
- As-is Cap Rate: 7%
- Current Vacancy: 35%
- +/- 7,000 SF immediately available for an owner/user.
Property Details
- Class
- B
- Year Built/Renovated
- 1915/1981
- Stories
- 4
- Lot Size (sq. ft)
- 5,227 SF
Highlights
- Flexible opportunity for an Investor or Owner/User to acquire a very well located office building
- Excellent income with plenty of upside
- Large usable basement
- Long term leases on the upper two floors provide excellent long term income
- Elevator & HVAC
- Steps away from City Hall, State and Federal offices
All available spaces
- Space
- 1st Floor
- Size
- 4,019 SF
- Space
- 2nd Floor
- Size
- 1,927 SF
- Condition
- Full Build-Out
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