Properties

Comm Industrial For Sale For Sale

9,977 Sqft - 1300 International Blvd, OAKLAND, California 94606

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Property Description

SEE 40924047 for photos/more info. Great property located along the rapidly developing corridor between Lake Merritt and San Antonio Park/Fruitvale. Rare opportunity to upgrade 3 (of the 5) large apartments that will be delivered vacant. Once rented, this property has a tremendous cash flow potential with a pro-forma 7.7% CAP rate and a 10x gross-rent multiplier. The restaurant has a solid clientele and 2 years left on their lease ($4200/mo and 3,000sf). In addition, the billboard on the property provides steady cash flow and the contract is up for renewal at the end of next year and primed for an increase in rent. In addition, there is a 1800sf basement workshop with separate entrance that can be rented. Roof was partially redone in 2009 and finished in 2014 . Owner installed new sewer line to 13th Ave in 2000. On-site coin-op laundry.

Basic Details
Property Type : Comm Industrial For Sale
Listing Type : For Sale
Listing ID : 40946428
Price : $2,100,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 9,977 Sqft
Year Built : 1925
Lot Area : 90,114 Sqft
Features
Heating System : Wall Furnace
Roof : Composition, Bitumen
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94606
Street : International Blvd
Street Number : 1300
Floor Number : 0
Longitude : W123° 45' 11.7''
Latitude : N37° 47' 23.8''
MLS Addon
Office Name : RED OAK REALTY
Area : Oakland Zip Code 94606
Address : 1300 International Blvd
Cross Street : 13th Ave
Directions to Property : 13th to International Blvd
LA1User Code : R01228881
LA1Agent First Name : JEFFREY
LA1Agent Last Name : ROSENBLOOM
Status Category : Sold
Tot # Parking Spaces : 0
Zoning : CN-3
List $/SqFt : $210
Age : 95
Apx Lot Sq Ft : 0 Sqft
Annual Taxes : $32,625
Total Deposits : $0
EXTERIOR : Stucco, Siding - Wood
FLOORING : Linoleum, Wood
ENERGY SAVING FEATURE : Skylight(s), Low Flow Toilet, Low Flow Shower
Business Name : Mixed use
Business Type : 5 units+restaurant
Bus Sq Ft of Bldg : 52,820 Sqft
SALE INCLUDES : Existing Signs
TENANT EXPENSE : Electric, Gas
LOCATION : Business District
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : No
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $224,964
Gross Oper Actual Inc : $231,924
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,250,000
Sold Price : $1,925,000
Previous Price : $2,250,000
Sale $/SqFt : $0
Comm Industrial For Sale For Sale
  • Listing ID : 40946428
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 9,977 Sqft
$2,100,000
Agent info
Contact Agent