East Bay Office Group
Jack London Office Condo Sells
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.
New to the Market Jack London Office/Retail Condo For Sale
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
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.
New Oakland Office Condos For Sale
Allied Paper Office Condos For Sale
Two new office condos have hit the Oakland office market in the popular Jack London Square area. We recently brought these two properties, located at 283 4th St, to the market at highly attractive prices. In fact with SBA rates at near all time lows a buyer can own these units with a payment lower than the rent would be for comparable office space in the Oakland market. The properties are located in the heart of Jack London Square and have a stylish lobby, intercom entry system, and elevator. They are less than 2 blocks from the soon to open and much heralded Jack London Market as well as multiple parking lots. There is easy BART, ferry, and freeway access.
Unit 2 is a 2,336 square foot space with high ceilings, great natural light, and open creative space. The asking price of $420,000 makes it the most attractively priced small office condo anywhere in Oakland. There is an existing partition wall that allows for a buyer to lease out approximately 1,000 square feet or remove the wall to create a great open creative space. Multiple windows allow for ample natural light.
Unit 4 is the full floor penthouse suite comprised of 6,973 square feet. This loft style unit has secure elevator access, a kitchen, server room, and large conference room. It also has 7 private offices, separate men’s and women’s restrooms, and great natural light with views.
Downtown Oakland View From Penthouse Unit
The asking price of $1,495,000 makes this a steal for an SBA buyer. At current SBA rates the monthly payment works out to $1.02 per square foot per month. That is cheaper than the rent would be on this suite. For more information please contact Dave at (510)903-7601.
