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421 23rd Ave 5,234 SF Industrial Building Oakland, CA 94606 $4,750,000 ($907.53/SF)
Investment Highlights
- 2025: ~70k gallons per month
- $4,000/ Month in Sublease Rental Income
- Tanks from 1998, Double Wall Fiberglass
- 2025: ~$48k per month in C-Store
- ±25,085 daily traffic on 23rd Ave/ Kennedy St
- Current tenant occupancy extends through October, with potential for early lease termination upon securing a qualified buyer
Executive Summary
Broker of Record
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,750,000 | Rentable Building Area | 5,234 SF |
| Price Per SF | $907.53 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.67 AC | Opportunity Zone |
Yes
|
| Price | $4,750,000 |
| Price Per SF | $907.53 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.67 AC |
| Rentable Building Area | 5,234 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
Utilities
- Water - City
- Sewer - City
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 019-0073-008-05 | Improvements Assessment | $1,566,553 |
| Land Assessment | $1,172,220 | Total Assessment | $2,738,773 |
Property Taxes
Parcel Number
019-0073-008-05
Land Assessment
$1,172,220
Improvements Assessment
$1,566,553
Total Assessment
$2,738,773
Contacts
-
Brayden Schmidtke -
Simon Assaf -
Ethan McAffee -
Matthews Real Estate Investment Services
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421 23rd Ave
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