9131 SAN LEANDRO STREET OAKLAND, CA 94603 · 2019-02-14 · 9131 san leandro street oakland, ca...

9131 SAN LEANDRO STREETOAKLAND, CA 94603

75 E SANTA CLARA STREET // SUITE 600SAN JOSE, CA 95113

408.622.4490 // [email protected] CORPORATE ID #1901749 // LAVERTYCHACON.COM

TANNER LAVERTY, CCIM408.622.4490 x101

[email protected] Officer #1436559

MARC CHACON, CPM916.722.0333


OAKLANDINDUSTRIAL

FOR SALE

80,523 sf multi-building, industrial complex in the heart of Oakland's GreenZone.

Tanner Laverty, CCIM Marc Chacon, CPM408.622.4490 x101 [email protected] [email protected] Officer #1436559 BRE Officer #1431257

75 E Santa Clara Street // Suite 600San Jose, CA 95113

408.622.4490 // [email protected] Corporate ID #1901749 // lavertychacon.com

OFFERING SUMMARY

Sale Price: Negotiable

NOI: $266,236

Lot Size: 3.64 Acres

Year Built: 1943

Building Size: 80,523

Zoning: IH

Market: East Bay/Oakland

Submarket: Oakland-Airport

80,523 sf multi-building, industrial complex in the heart of Oakland's Green Zone.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• 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.

OAKLAND INDUSTRIAL9131 San Leandro Street, Oakland, CA 94603




80,523 sf multi-building, industrial complex in the heart of Oakland's Green Zone.

PROPERTY OVERVIEW

The Oakland Airport Submarket, in addition to providing airport access, offers better access to thePort of Oakland than many other submarkets do. The submarket is also along the Union PacificRailroad 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'shistory, and developable land is now scarce. The most recent new inventory added to thesubmarket is the almost 375,000 SF Goodman Logistics Center, which delivered in 14Q2. Thoughit was a spec project and vacant at the time of completion, it has since fully leased, with BenjaminMoore 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 oneof 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 theend 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 ofOakland's website for step-by-step instructions on how to obtain a permit, for more information onThe West Oakland Specific Plan, and to view the map showing Cannabis Facilities PermittedZones.

To read more about the rent growth potential of industrial properties, please visit the NRE website.

LOCATION OVERVIEW


9131 San Leandro StreetOakland, CA 94603

INDUSTRIAL PROPERTY FOR SALE

For More Information:

TANNER LAVERTY, CCIM408.622.4490 x101


MARC CHACON, CPM916.722.0333


BRE Corporate ID #1901749

LAVERTY CHAĆON COMMERCIAL REAL ESTATE

[email protected] | www.lavertychacon.com

Sacramento Valley916.722.0333

San Francisco Bay Area408.622.4490

9131 SAN LEANDRO STREET OAKLAND, CA 94603 · 2019-02-14 · 9131 san leandro street oakland, ca...

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