Auto Parts

5521 FOOTHILL BLVD - REDEVELOPMENT PROJECT

5521 Foothill Blvd, Oakland, CA 94605

Listing Price: $1,750,000

Cap Rate
1.70%
Tenant Name
RM Auto Body
Gross SF
6,537
Guarantor
No Guarantee
Rentable SF
6,537
Price/Gross SF
$267.71
Lease Type
Gross Lease
Rent Per Square Feet
$6.96

Investment Overview

Marcus & Millichap is proud to present a wonderful redevelopment opportunity centrally located in the heart of the Fairfax Business District of Oakland. This property is to be delivered as fully entitled by the Close of Escrow. Architectural drawings have been created and submitted to the City of Oakland for approval. As currently designed, the property will consist of 12,237 square feet of multifamily apartment units and 1,657 square feet of retail space. There will be two (2) two-bedroom, two-bath units, eight (8) two-bedroom, one-bath units, eleven (11) one-bedroom, one-bath units, and two (2) retail units at street level. As proposed, the finished project is conservatively valued at $7,250,000 upon completion.

Investment Highlights

  • Excellent Opportunity to Build a 23-Unit Mixed-Use Asset
  • Currently Operating And Leased As Auto Body Shop
  • Located In The Heart Of The Fairfax Business District

Exclusively Listed By

Auto Parts

5521 FOOTHILL BLVD - REDEVELOPMENT PROJECT

Listing Price: $1,750,000

Cap Rate
1.70%
Tenant Name
RM Auto Body
Gross SF
6,537
Guarantor
No Guarantee
Rentable SF
6,537
Price/Gross SF
$267.71
Lease Type
Gross Lease
Rent Per Square Feet
$6.96

Investment Highlights

  • Excellent Opportunity to Build a 23-Unit Mixed-Use Asset
  • Currently Operating And Leased As Auto Body Shop
  • Located In The Heart Of The Fairfax Business District

Investment Overview

Marcus & Millichap is proud to present a wonderful redevelopment opportunity centrally located in the heart of the Fairfax Business District of Oakland. This property is to be delivered as fully entitled by the Close of Escrow. Architectural drawings have been created and submitted to the City of Oakland for approval. As currently designed, the property will consist of 12,237 square feet of multifamily apartment units and 1,657 square feet of retail space. There will be two (2) two-bedroom, two-bath units, eight (8) two-bedroom, one-bath units, eleven (11) one-bedroom, one-bath units, and two (2) retail units at street level. As proposed, the finished project is conservatively valued at $7,250,000 upon completion.

Exclusively Listed By

MM Texture Background
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