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Listed by Steven Peterson, DRE #01746140 • Infinity Investments
$ 2,200,000
Est. payment /mo
New
Oakland, CA 94618
8,865 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 8,865 sqft
Price per Sqft $248
MLS Listing ID BE41151362
Year Built 1924
Lot Size 5,400 Sqft
Property Sub-Type Commercial Property
Source Bay East
Property Description
Prime commercial investment opportunity perfectly situated at the gateway of Oakland's highly desirable Temescal and Rockridge districts. 5261-5263 Claremont Avenue is a well-maintained, 8,865 sq. ft. multi-tenant mixed-use office building generating a strong actual Cap Rate of 6.17%. The property features five distinct suites across three levels. Four suites are currently occupied by stable, long-term commercial tenants on low-burden Modified Gross leases, where tenants are responsible for their own gas, electric, and interior maintenance. The top floor includes one vacant office suite, presenting immediate upside for an investor to lease at market rate or a turnkey opportunity for an owner-user to occupy while collecting income from the rest of the building. Located on a vibrant, pedestrian-friendly transit corridor, the property boasts excellent walkability and sits just minutes from both the Rockridge and MacArthur BART stations, making it highly accessible for commuters and clients alike. Zoned CC-2/S-13. An exceptional, cash-flowing asset in one of Oakland's most dynamic neighborhoods.
Location
State CA
County Alameda
Area Oakland Zip Code 94609
Zoning CC-2
Exterior
Exterior Feature Stucco
Parking Features No Parking
Others
Tax ID 14-1225-12
Special Listing Condition Not Applicable
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