985 Atlantic Avenue , Alameda , CA   94501; Office for sale; B-4 in Alameda County

985 Atlantic Avenue , Alameda , CA 94501; Office for sale; B-4 in Alameda County


985 Atlantic Avenue , Alameda , CA   94501; Office for sale; B-4 in Alameda County

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Property Details
Price
$3,250,000
Building Size
15,296 SF
Lot Size
1.11 AC
Price/SF
$212.47 /SF
Property Type
Office
Property Sub-type
Office-Business Park
Property Use Type
Investment
Commission Split
2.50%
Cap Rate
6%
No. Stories
1
Building Class
B
Tenancy
Multiple
Year Built
1988
Parking Ratio
3 / 1,000 SF
Tax ID/APN
074-1344-019
Status
Active

 

Property Description

The single story office building known as 985 Atlantic Avenue has been fully occupied for many years. It is a multi-tenant building originally designed for 4 tenants. It is now a 3 tenant building due to the recent expansion of the largest tenant; Western Associated of Schools. All 3 tenants have occupied the building for many years and have staggered lease expiration dates. This is a rare investment opportunity to own a quality small office building with stable tenants and very little management responsibilities.

Location Description

This property is located within the heart of Marina Village, a 1.2 million square foot business park. 985 Atlantic is a concrete tilt up office building with approximately 45 parking spaces. It is conveniently located with easy access to Highways 880, 980 and 580. It is less than 1 mile from Oakland’s Central Business District and within walking distance to business park amenities, marinas and shopping centers.

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