2950 Merced Street, San Leandro, CA 94577; Office Property For Sale; B-6 in Alameda County

2950 Merced Street, San Leandro, CA 94577; Office Property For Sale; B-6 in Alameda County


2950 Merced Street, San Leandro, CA 94577; Office Property For Sale; B-6 in Alameda County

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Office Property For Sale

Price:$14,000,000
Building Size:133,889 SF
Price/SF:$104.56
Property Type:Office
Property Sub-type:Office-Warehouse
Property Use Type:Investment
Cap Rate:5.61%
Building Class:B
Tenancy:Multiple
Lot Size:7.51 AC

 

Description

THIS IS A CORNISH AND CAREY LISTING:
First time on market in many years. Very well located investment property in San Leandro Ca. consisting of 133,889 sq ft, two buildings, Two Story office building consisting of 53,139, and a 81,861 sq ft office/warehouse., Priced at $104 psf well below replacement value. 84% leased. Owner/User opportunity and value add opportunity. Possible medical use.
Extra large parcel of 7.51 acres

Excellent location off Marina Boulevard exist, gateway to SAn Leandro retail and downtown. 12 miles equidistant to both the Bay Bridge and the San Mateo Bridge. Easy access to Oakland and San Francisco airport. The building is served by Bart using the Davis Street San Leandro Station.