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Magnation Building 403 Martin Luther King Jr. 2,600 SF 100% Leased Office Building Oakland, CA 94607 $895,000 ($344.23/SF) 7.03% Cap Rate
Investment Highlights
- Exceptionally well-connected for commuting, the property is just a short walk from several key transit stations
- The building boasts features like prominent signage options and ample storage space, catering to various business needs.
- Excellent public transportation links make this an attractive location for businesses and employees alike.
- Convenient access to major airports, with Oakland International Airport just a 14-minute drive away and SFO a 35 minute drive
- Located in the Oakland-Port/Jack London submarket, known for its vibrant atmosphere and commercial appeal.
Executive Summary
Introducing the distinguished commercial property at 650-660 4th St, nestled in Oakland, California's lively Oakland-Port/Jack London submarket. This prime location, part of the dynamic Central Business District, resides in the thriving East Bay/Oakland region of Alameda County. This opportunity is ideal for investors aiming to tap into the growing East Bay/Oakland market, offering a strategic location, ample amenities, and outstanding accessibility. Perfect for businesses seeking to establish or enhance their presence, this property stands as a beacon in Oakland's vibrant urban landscape.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,600 SF
Building Class
C
Year Built
1900
Price
$895,000
Price Per SF
$344.23
Cap Rate
7.03%
NOI
$62,930
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,300 SF
Building FAR
1.49
Lot Size
0.04 AC
Zoning
Commercial
Amenities
- Signage
- Storage Space
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 001-0121-018-00 | Improvements Assessment | $334,686 |
| Land Assessment | $117,571 | Total Assessment | $452,257 |
Property Taxes
Parcel Number
001-0121-018-00
Land Assessment
$117,571
Improvements Assessment
$334,686
Total Assessment
$452,257
Contacts
-
James Kilpatrick -
Seth Hubbert -
Damon Gerstein -
Tim Marshall -
Ian Cruda -
NAI Northern California
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Presented by
Magnation Building | 403 Martin Luther King Jr.
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