251 8th St - Office FOR SALE


Oakland, CA 94607- Chinatown
$4,500,000 USD
510-923-6249
251 8th St, Oakland, CA for Sale
$4,500,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

251 8th St
Oakland, CA 94607
Chinatown


HIGHLIGHTS

  • Rooftop cell tower leased to AT&T.
  • Major capital upgrades (2018): Seismic, elevator, electrical, plumbing, HVAC, fire suppression, windows, ADA, Title 24, building security system.

OVERVIEW

251 8th Street was converted from a clothing manufacturing use to office space on the 2nd and 3rd floors in 2018, and the ground floor has remained vacant since this conversion. The 2nd and 3rd floor office space have a modern, yet rustic brick and timber aesthetic. The zoning for the neighborhood is a flexible D-LM-4 which offers a flexible variety of commercial and residential uses, adjacent to the downtown core. This property offers excellent access to public transportation and is very walkable with proximity to both Lake Merritt & 12th Street BART stations, major attractions in and around Chinatown, Jack London Square, Downtown, and Alameda, with easy freeway access. The 2018 renovations included the following major capital upgrades: new seismic retrofit, new passenger elevator, new electrical, new plumbing, new HVAC, fire suppression system, new windows, ADA upgrades, Title 24 upgrades, and new building security system.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

D-LM-4

APN/PARCEL ID

001-0185-018-00

ASK ABOUT THIS PROPERTY

Joel MaimonNewmarkMore Info
510-923-6249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joel MaimonNewmarkMore Info
510-923-6249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.