324 10th St - Storefront Retail/Office CONDO FOR SALE


Oakland, CA 94607- Chinatown
$350,000 USD
650-228-9930
324 10th St, Oakland, CA for Sale
$350,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/14
null | 6.57% Cap Rate

324 10th St
Oakland, CA 94607
Chinatown


HIGHLIGHTS

  • $30,000 annual rent producing $22,990 NOI and a 6.57% Cap Rate
  • NN lease with tenant responsible for CAM, utilities, maintenance, and association dues
  • Quickly (national boba brand) with 19+ years operating at this location
  • Lease through 8/31/2027 with one 2-year option at market rent, offering upside
  • Two retail condo units totaling 375 SF, combined as a single street-level storefront
  • Prime Oakland Chinatown location near Lincoln Square Park with strong pedestrian traffic

OVERVIEW

324 10th St Units 118–119 offers a rare opportunity to acquire a street-level retail condominium investment in the heart of Oakland Chinatown. The combined 375 SF storefront is leased to Quickly, a nationally recognized boba brand with 19+ years operating at this location. The NN lease structure provides minimal landlord responsibilities and stable income of $30,000 annually ($22,990 NOI), equating to a 6.57% cap rate. Lease term runs through August 2027 with a two-year renewal option at market rent.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$933 USD /SF

CAP RATE

6.57%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

375 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,178 SF

ZONING

CI

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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650-228-9930

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650-228-9930

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