9131 San Leandro St
Oakland, CA 94603
Oakland Industrial Complex · Industrial Property For Sale

Located in Oakland approved cannabis zone 80,523 SF situated on 3.64 acres Multiple buildings - opportunity for user or investor Easy access to 880 and BART Ability to create privately fenced off parking and staging area Tenant will consider lease buyout Multiple buildings offer several occupancy and tenancy configurations Ideally situated in Oakland Airport sub-market with easy access to logistical needs In-place cash flow if Buyer needs time for potential rehab/redevelopment plan Southwest neighboring tenant has Easement for access/egress. The Oakland Airport Submarket, in addition to providing airport access, offers better access to the Port of Oakland than many other submarkets do. The submarket is also along the Union Pacific Railroad and close to many intermodal facilities (such as BNSF Oakland International Gateway) near the Oakland Harbor. Industrial developers built out this part of the East Bay early in the Bay's history, and developable land is now scarce. The most recent new inventory added to the submarket is the almost 375,000 SF Goodman Logistics Center, which delivered in 14Q2. Though it was a spec project and vacant at the time of completion, it has since fully leased, with Benjamin Moore and Coaster Company of America as the two major tenants. Since these move-ins in 2015, the submarket's vacancy rate has dropped to well below the historical and metro averages, to one of the lowest rates in the metro. The inherent demand here, as well as the lack of available space, has allowed rents to grow at an almost double-digit pace year-over-year from 2014 through the end of 2017. Rent levels continue to trend just below the metro average. Oakland's Green Zone is the area permitted for legal cannabis locations. Please see the City of Oakland's website for step-by-step instructions on how to obtain a permit, for more information on The West Oakland Specific Plan, and to view the map showing Cannabis Facilities Permitted Zones. To read more about the rent growth potential of industrial properties, please visit the NRE website.