400 30Th St, Oakland, CA 94609
24,991 SF | 46% Leased | Office Building | Oakland, CA 94609 | $6,000,000 ($240/SF)
For Sale
Active
Asking Price $6,000,000
- Property Type
-
Office
- Square Feet
- 24,991 SF
- Price / Square Foot
- $240
Listing Contacts
Edward Del Beccaro
Property 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 ***
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 ***
Property Details
- Class
- B
- Year Built
- 1963
- Stories
- 4
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 8,276 SF
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.
All available spaces
- Space
- 2nd Floor, Ste 200
- Size
- 7,355 SF
- Condition
- Full Build-Out
- Space Subtype
- Relet
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