2923 Webster St - Medical FOR SALE


Oakland, CA 94609- Pill Hill
$4,000,000 USD
925-464-1912
2923 Webster St, Oakland, CA for Sale
$4,000,000 USD
Medical - FOR SALE
1/15
null | 8.63% Cap Rate

NEW


2923 Webster St
Oakland, CA 94609
Pill Hill


HIGHLIGHTS

  • Dynamic zoning allows for medical and administrative office uses. Excellent development standards provide attractive future development possibilities.
  • On-Site Parking Garage with ±28-31 Parking Spaces
  • Upgraded HVAC System
  • ADA Building - Situated 1/2 Block from Alta Bates Summit Medical Center
  • Centrally Located by I-980 & I-580 Freeways
  • Well-Maintained Building

OVERVIEW

Leased Investment Opportunity with Long Term Leases and Excellent Revenue. Great Investment Opportunity with Strong Tenant Base on Long Term Leases and Additional Upside Available by Leasing the Current Vacancy Which is Completely Renovated and Ready To Occupy. California Capital & Investment Group is pleased to present this highly leased office building located in Oakland’s “Pill Hill” Submarket. This opportunity features two (2) long-term leases with a pediatric orthodontist and a pain management company. There is one vacancy totaling +/- 1,850 SF, which provides additional upside in income and was recently renovated so the space is primed for immediate occupancy. The flexible CC-2 zoning allows a plethora of uses including both medical and administrative office uses. The Property is also strengthened by lucrative development standards which provide the site with interesting future development potential. This modern building also has +/- 28-31 parking spaces and is located near the Summit Medical Center, Mercedes Benz dealership and thousands of newly developed apartment units.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

8.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Webster Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CC-2

APN/PARCEL ID

009-0700-008-02

ASK ABOUT THIS PROPERTY

Michael McGuireCalifornia Capital & Investment GroupMore Info
925-464-1912

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Michael McGuireCalifornia Capital & Investment GroupMore Info
925-464-1912

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