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Property profile

8380 Pardee Dr Oakland, CA 94621

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US09-8560499
View Sample
155,000 SF 8.41 ac lot Built 2012
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 155,000-square-foot warehouse, constructed in 2012, presents a prime opportunity for industrial businesses seeking a strategically located, efficient facility in Oakland, California. Situated on an 8.41-acre lot in Alameda County, this single-story building boasts a 30-foot clear ceiling height, facilitating ample storage and operational flexibility. The property features 18 loading docks equipped with hydraulic levelers, along with 5 drive-in doors, ensuring seamless and efficient loading and unloading processes. A substantial 50-space parking lot, including ample trailer parking, accommodates both employees and delivery vehicles. The expansive 184-foot-deep truck court allows for easy maneuvering and efficient operations. The fully enclosed and gated property provides enhanced security. This Class A warehouse benefits from its proximity to major transportation arteries, including Oakland International Airport, and is strategically located near FedEx, UPS, and Benjamin Moore distribution centers, providing excellent access to a large workforce and key transportation networks. The property's location within a 10-mile radius of approximately 66,500 warehouse workers and its proximity to the Port of Oakland further enhances its logistical advantages. This is a rare opportunity to acquire a high-quality, well-located industrial property in a thriving market.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 2012
Construction CONCRETE
Total area 155,000 SF
Lot 8.41 ac (366,514 SF)
APN 42-4415-3-11
UPID US09-8560499

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
  • Big Box & Wholesale Store Distribution Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$35.43M
Comparable Approach Comparable
$41.27M
Blend (final) Blend
$37.60M

Owner & transaction history

since 2021
Last sale
$40.5M
7 recorded transactions
2021
Price N/A
2020
Price N/A
2020
$40.5M
2015
Price N/A
2010
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $55.8M +90.8%
Medical building $52.1M +78.1%
Industrial (general) $49.4M +69.0%

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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