3421 Hollis St - Warehouse FOR SALE


Oakland, CA 94608- West Oakland
$12,000,000 USD
949-468-9441
3421 Hollis St, Oakland, CA for Sale
$12,000,000 USD
Warehouse - FOR SALE
1/28
null | 9% Cap Rate

3421 Hollis St
Oakland, CA 94608
West Oakland


OVERVIEW

- UNIQUE BILLBOARD OPPORTUNITY - Oppotunity to own a top-performing billboard in the East Bay market with limited new approvals coming to market - Opportunity to acquire a 52,381 sq. ft. shallow bay industrial asset in the supply-constrained inner East Bay - 73% leased to a diverse mix of 16 tenants providing industry diversification and minimal exposure to any single tenant - Immediate upside through lease-up of existing vacancy and marking expiring tenants to market - Premier infill location on the border of Emeryville and Oakland - Central Inner East Bay location, offering convenient access to both Alameda and Contra Costa Counties, with a dense population of 2.8 million residents - Located adjacent to the Macarther Maze, offering direct access to the 80, 880, 580, and 24 Freeways, providing immediate connectivity to the greater Bay Area region

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3421 Hollis St - Industrial + Billboard

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

HBX-2

APN/PARCEL ID

007-620-3

ASK ABOUT THIS PROPERTY

Brendan RaneyNewmarkMore Info
949-468-9441

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Brendan RaneyNewmarkMore Info
949-468-9441

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