1504 Franklin St | Oakland, CA 94612
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- LoopNet Team
1504 Franklin St
Oakland, CA 94612
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Fully-Renovated & Ready to Occupy Creative Office Building with 3 Sides of Natural Light.
- Weighted Average Office Rents ±11% Below-Market Providing Near-Term Mark-To-Market Upside with Little-to-No Required Capital Expenditures .
- Corner Location in the Heart of Downtown Oakland Adjacent to BART, Vibrant Local Amenities & Thousands of Recently Completed Residential Units.
- 81% Leased to a Diverse Tenant Roster Anchored by Siemens, an S&P A+ rated Credit Tenant Through December 2022.
- Full Building Renovation to 2018 Title-24 Requirements: Seismic Upgrade, New Building Systems including PV Solar, Fiber, Tech-Driven
- Opportunity to Purchase a Renovated Creative Office Asset Below Replacement Cost.
PROPERTY FACTS
Property Type
Office
Building Size
27,334 SF
Building Class
B
Year Built/Renovated
1923/2018
Percent Leased
8%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,111 SF
Slab To Slab
11’
Building FAR
2.73
Lot Size
0.23 AC
Zoning
C-55 - Central Core Commercial Zone
AMENITIES
- Controlled Access
- Security System
- Kitchen
- Bicycle Storage
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Shower Facilities
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 008-0624-026-01 | Improvements Assessment | $10,612,000 |
| Land Assessment | $3,820,320 | Total Assessment | $14,432,320 |
PROPERTY TAXES
Parcel Number
008-0624-026-01
Land Assessment
$3,820,320
Improvements Assessment
$10,612,000
Total Assessment
$14,432,320
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