East Bay Office Group

Oakland Office Lease Renewal / Extend and Blend

davemccarty — Fri, 21 Oct 2011 22:31:52 +0000

Ben and I recently represented a client on what we call an extend and blend transaction for their Oakland office space. We were able to approach their landlord and lower their current rent rate by extending the term. In exchange for the longer term the landlord was willing to give the tenant a break on their remaining lease term. In troubled economic times like these when vacancies tend to be high and competition among landlords is fierce an extend and blend transaction can be a valuable tool enabling tenants to lower their current rent while locking in the current low lease rates for a long time. We were able to save our client approximately 12% on their rent expense over the next 30 months. These saving can be significant over the life of the lease.

If you would like a no obligation lease review to see if a blend and extend is right for your company please contact Dave at (510)903-7601 or Ben at (510)903-7606.

Jack London Office Condo Sells

davemccarty — Wed, 19 Oct 2011 22:23:10 +0000

We recently completed the sale of another office condo at 283 4th St. The unit, in the Jack London Square area of Oakland, is 2,336 square feet and sold for a very attractive price. The buyer is a long time client who previously leased the space. This transaction represents the second sale we have completed in the project leaving us only a 7,312 square foot unit for sale or lease. For more information or help with your office lease, purchase, or sale contact Dave McCarty at (510)903-7601 or Ben Jones at (510)903-7606.

Hayward Office/Flex Space For Lease

davemccarty — Mon, 09 May 2011 21:08:47 +0000

23314 Cabot

We have just been hired to list 7,500 square feet of office/flex space for lease at 23314 Cabot in Hayward. The asking rate is only $.55 per square foot industrial gross. The space is very flexible as it has nice office finishes and open area that can be used as a showroom, cubicle office space, or can be converted to warehouse space with excellent clear height. For more information please contact Dave at (510)903-7601 or Ben at (510)903-7606.

San Leandro Office Space Leases

davemccarty — Thu, 21 Apr 2011 19:57:16 +0000

We just completed a new lease with a company at 14895 E 14th St. The landlord’s ability to provide tenant improvements and to complete the deal quickly were major factors in getting this lease done. We were able to provide a very attractive lease rate for the tenant. If you would like to know how we can help your company find the right space please contact Dave at (510)903-7601 or Ben at (510)903-7606.

New to the Market Jack London Office/Retail Condo For Sale

davemccarty — Fri, 15 Apr 2011 17:06:42 +0000

283 4th St

After the recent sale of the penthouse office suite in the Allied Paper Building at 283 4th St in Oakland’s Jack London Square the seller has decided to have us take the ground floor unit to the market. The unit is well built out to allow for either office or retail users and the location is only going to become more desirable as the Ellis/Divco West development fills with office and retail tenants. The parking garage at the development has already opened allowing a buyer here to access monthly parking less than two blocks away.

Mezzanine

The extensive windowline allows for excellent retail exposure or abundant natural light for an office user. Office users will also like the reception, mezzanine, and kitchenette – see photos below.

Reception

Kitchenette

For more information about this property please contact Dave at (510)903-7601 or Ben at (510)903-7606.

Oakland Office Building Sells

davemccarty — Tue, 12 Apr 2011 23:06:03 +0000

Recently Ben and I represented the buyer on the sale of an office building at 230 Grand Ave in Oakland. The property is approximately 13,600 square feet and was fully occupied at the time of sale. The sale price was well below $100 per square foot. It represented a great value add investment as many of the leases were at well below market rates and the leases were expiring this year. Many of the tenants are long term with little risk of large vacancies as rates are moved up to market level. We are seeing many such opportunities for investors and the owner/user market for commercial real estate continues to be attractive. If you would like more information about this sale or other opportunities please contact Dave at (510)903-7601 or Ben at (510)903-7606.

San Leandro Office Space For Lease

davemccarty — Wed, 02 Feb 2011 00:10:17 +0000

Offices For Lease

Ben and I were recently hired to list an office building for lease. The property, located at 14895 E 14th St in San Leandro, has multiple available office suites ranging in size from 467 square feet up to 2,778 square feet. These spaces are ideal for small businesses and as incubator space for start ups and non profits. The property has local ownership that is experienced in making deals and keeping tenants happy. The location allows for easy access to both the 580 and 880 freeways and is on one of the main traffic areas through San Leandro providing for excellent exposure. There is also ample free parking on site.

For more information on available suites or for help with your requirement please contact Dave at (510)903-7601 or Ben at (510)903-7606.

Jack London Office Condo Sells

davemccarty — Wed, 12 Jan 2011 22:39:25 +0000

On December 21, 2010 Ben and I completed the sale of one of the Allied Paper office condos in Oakland’s Jack London Square. The full floor penthouse unit totaled 6,973 square feet and sold for a price of $1,400,000. For more information about the sale or for help buying or selling a commercial property please contact Dave at (510)903-7606 or Ben at (510)903-7606.

Oakland Office Space For Under $1 Per SF?

davemccarty — Tue, 14 Sep 2010 22:57:17 +0000

It is true! Companies can now lease Class B office space in the Oakland Airport submarket for under $1 per square foot. The new owners of 7700 Edgewater Dr , Polidev International, have brought Ben and me on as the leasing agents and have started a new program to fill the property quickly. Under the current promotion we are leasing suites over 1,000 square feet on an as is basis for only $.99 per square foot fully serviced.

For those of you not familiar with real estate speak a full service lease includes all utilities etc in the lease rate so you can lease a 1,000 square foot suite for only $990 per month. We have suites ranging from 357 square feet up to as much as 30,000 square feet. This unique opportunity undercuts the market for office space in the Oakland metro area while offering local businesses and non profits the chance to significantly cut overhead costs.

You might be asking how they can offer such low rates and the simple answer is that they bought the property in a distressed situation. Because Polidev got such a great price they are able to pass the deal along to tenants. For more information or to tour the property please contact Ben Jones at (510)903-7606 or Dave McCarty at (510)903-7601.

Free BART Shuttle to Jack London Begins Service

davemccarty — Tue, 03 Aug 2010 23:23:11 +0000

The long awaited free BART shuttle to Jack London and Uptown recently began making runs between Jack London Square, Old Oakland, Chinatown, City Center BART, Uptown, and Lake Merritt. The service runs from 7AM to 7 PM Monday to Friday every 10 minutes during commute times and the lunch hour and every 15 minutes during other times.

The affect on office users is that it opens up Jack London Square properties as more viable options for companies with large numbers of public transit users. For more information visit here. As always, if you have questions relating to the commercial real estate market or are looking for space, please contact Dave McCarty at (510)903-7601 or Ben Jones at (510)903-7606.