
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
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.