Property profile

1999 Harrison St Oakland, CA 94612

FOR LEASE
Office buildings
Property ID
US09-6544665
490,000 SF 1.44 ac lot Built 1985
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lake Merritt Plaza, located at 1999 Harrison St in Oakland, CA 94612, offers exceptional Class A office space in Alameda County. This four-story building provides multiple tenancy options, with a minimum divisible space of 763 square feet and a maximum contiguous space of 2,507 square feet. Currently, 5,488 square feet of vacant office space is available for lease, ideal for businesses seeking flexible and modern accommodations. The property's prime location in Oakland offers easy access to various amenities and transportation options. The building's Class A designation reflects its high-quality construction, modern features, and desirable location. This presents a unique opportunity for businesses of various sizes to establish a presence in a thriving Oakland neighborhood. The available spaces are adaptable to a range of business needs, making Lake Merritt Plaza an attractive option for companies seeking efficient and well-appointed office environments. Interested parties are encouraged to inquire about lease terms and availability for these exceptional office suites. The building's address is conveniently located at 1999 Harrison Street, providing easy access to local transportation and amenities.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1985
Construction STEEL FRAME
Total area 490,000 SF
Lot 1.44 ac (62,726 SF)
APN 8-636-20-8
UPID US09-6544665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Construction Company General Contractor
  • Bank Loan Service
  • Law Firm

Location

1999 Harrison St Oakland, CA 94612
Oakland metro Census 402900 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.12M

Owner & transaction history

since 2016
7 recorded transactions
2023
Price N/A
2016
$224.8M
2014
Price N/A
2006
Price N/A
2000
Price N/A
2000
Price N/A
1983
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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