4250 10Th St Oakland, CA 94601

Property Details for 4250 10Th St

Lot size

0.39 lot acres

Property type

Warehouses

APN

33-2164-15

APU

33216415

Description

This exceptional mixed-use investment property, located at 4250 E 10th St and 4250 San Leandro St, Oakland, CA 94601, presents a compelling opportunity. The 12,070 square foot building sits on a 16,850 square foot lot and boasts a 4.86% cap rate with a pro-forma cap rate of 4.75%. Currently occupied by a furniture sales and showroom under a gross lease with a remaining term of approximately three years (Lease Commencement: May 7, 2022; Lease Expiration: November 6, 2027), the property offers a 100% occupancy rate and a strong net operating income (NOI) of $58,350. The lease includes annual rent bumps of 3%. The single-story building, constructed in 1948, features four loading docks, four dock-high doors, and ceiling heights ranging from 12 to 16 feet. The property is zoned CC-2, allowing for a variety of commercial uses. The land value is $7.71 per square foot. The asking price is $1,200,000, translating to a price per square foot of $99.42. Lease options are available, and the tenant may be willing to negotiate a lease termination. This sale is structured as a 1031 exchange. The property's prime location in Alameda County offers excellent access to major transportation routes and commercial areas. This is a rare opportunity to acquire a well-located, income-producing asset with significant upside potential.