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251 8th St 15,031 SF Office Building Oakland, CA 94607 $4,500,000 ($299.38/SF)
Investment 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.
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,031 SF
Building Class
B
Year Built/Renovated
1925/2020
Price
$4,500,000
Price Per SF
$299.38
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,010 SF
Building FAR
2.65
Lot Size
0.13 AC
Zoning
D-LM-4 - Mixed Commercial
Amenities
- Security System
- Wheelchair Accessible
- Natural Light
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (84)
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251 8th St
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