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Lesser

Oakland, CA 94601
  • $10,900,000
  • STATUS: Active
  • ON SITE: 308 Days
  • ID#: MR41024455
Price Reduced
UPDATED: 70 min ago
$10,900,000
  • 0
    BEDS
  • 1.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

Now $10.9M | In Place 12.3% Cap at current 80.5% occupancy | Priced Below Replacement Cost | $172/SF | Proven income for years | Clear upside by filling the vacant warehouse space. This is a stabilized asset with large upside. In Place solid ROI and growing. Very strong and stable upside. Highly Desirable Location for Cannabis Tenants. Secure building. Easy Freeway Access. Just Minutes Away from Dispensaries. D-ce-6 Central Estuary District Industrial Zone - 6: This Zone Allows Industrial and Manufacturing Uses, Transportation Facilities, Warehousing and Distribution, and Similar Related Supporting Uses. Cannabis Related Business Include: Type 7 Volatile Substances, Type 6 Non-volatile Substances, Cultivation, Manufacturing, Commercial Kitchen, Laboratory, Co-packing, and Delivery-only Dispensary.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-02-20T21:50:19.23. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or COMPASS.

Licensed in the State of California.
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Lesser Oakland, CA 94601

  • Price: $10,900,000
  • Status: Active
  • On Site: 308 Days
  • Updated: 70 min ago
  • ID#: MR41024455
0
Beds
0
Baths
0
½ Baths
1.15
Acres
1966
Built
Neighborhood:
Other Area
County:
Alameda
Area:
Other Area
Property Description
Now $10.9M | In Place 12.3% Cap at current 80.5% occupancy | Priced Below Replacement Cost | $172/SF | Proven income for years | Clear upside by filling the vacant warehouse space. This is a stabilized asset with large upside. In Place solid ROI and growing. Very strong and stable upside. Highly Desirable Location for Cannabis Tenants. Secure building. Easy Freeway Access. Just Minutes Away from Dispensaries. D-ce-6 Central Estuary District Industrial Zone - 6: This Zone Allows Industrial and Manufacturing Uses, Transportation Facilities, Warehousing and Distribution, and Similar Related Supporting Uses. Cannabis Related Business Include: Type 7 Volatile Substances, Type 6 Non-volatile Substances, Cultivation, Manufacturing, Commercial Kitchen, Laboratory, Co-packing, and Delivery-only Dispensary.
Exterior Features

Construction Type OtherBrickConcrete Exterior ConcreteOtherBrick Garage Parking Assigned SpacesEnclosedOther Roof Rolled Composition

Interior Features

Structure Sq Ft 63406

Property Features

Additional Listing Info Not Applicable City Name OAKLAND Cross Street Tidewater Lot Size Area Maximum 50000.00 Present Use Industrial - Light Restrictions Neighborhood Approval Zoning WH

Listing provided courtesy of Joshua Keller of NAI Northern California: (612) 718-5933.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-02-20T21:50:19.23. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or COMPASS.

Licensed in the State of California.
Website powered by BoomTown.
 
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750 University Ave Suite 150
Los Gatos CA, 95032