2340 Harrison St - Storefront FOR SALE
Oakland, CA 94612 |
2340 Harrison St
Oakland, CA 94612
HIGHLIGHTS
- Prime Retail Location – Rose Mary Jane Cannabis dispensary is located in the heart of downtown Oakland and sits on the edge of Lake Merritt
- Strong Demographics – With more than 1.2 million people in a 10-mile radius this property benefits from the surrounding population growth.
- Near Major Junction – Lake Merritt is the epicenter of Oakland and is located at the corridor where the 24 and 580 meet.
- Secure Asset – With 9 years left on the lease and 2 (5) year options this property offers long-term secure cash flow.
- Strong Hedge Against Inflation – There are 3% annual rental increases making this investment a great hedge against inflation.
- Commitment to Location – The tenant has put in millions of dollars of tenant improvements showing a strong commitment to the site.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
ROSE MARY JANE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
7123
STORIES
2
YEAR BUILT
1952
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
010-0768-002-04
