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Warehouse

675 37th St Oakland

675 37th St, Oakland, CA 94609

Listing Price: $2,370,000

Cap Rate
2.38%
Gross SF
15,000
Price/Gross SF
$158.00
Lot Size
0.59 acres
Year Built
1926
Rentable SF
15,000

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 675 37th St, a multi-tenant industrial asset located in Oakland CA. The property is a 15,000 square foot industrial and storage building broken out into 17 separate units and situated on .59 AC of land. Close proximity to the 580 and 24 freeways allows easy accessibility and high freeway visibility for potential tenants. The small units and lease structure of month to month offers a very configurable tenant structure for a future user or investor to capitalize on. The spaces are also all separately metered and sits within Oakland’s green zone. 675 37th St offers a potential buyer not only the upside in potential rent but also the ability to occupy the space themselves should a user want to take over some space.

Investment Highlights

  • Multi-tenant configuration offers stability
  • Close proximity to the 24 and 880 freeways
  • Low rent in combination with current vacancies offers immediate upside
  • All units on separate power meters
  • Property has future development potential
  • Located within Oakland Green Zone

Exclusively Listed By

Listing Price: $2,370,000

Cap Rate
2.38%
Gross SF
15,000
Price/Gross SF
$158.00
Lot Size
0.59 acres
Year Built
1926
Rentable SF
15,000

Investment Highlights

  • Multi-tenant configuration offers stability
  • Close proximity to the 24 and 880 freeways
  • Low rent in combination with current vacancies offers immediate upside
  • All units on separate power meters
  • Property has future development potential
  • Located within Oakland Green Zone

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 675 37th St, a multi-tenant industrial asset located in Oakland CA. The property is a 15,000 square foot industrial and storage building broken out into 17 separate units and situated on .59 AC of land. Close proximity to the 580 and 24 freeways allows easy accessibility and high freeway visibility for potential tenants. The small units and lease structure of month to month offers a very configurable tenant structure for a future user or investor to capitalize on. The spaces are also all separately metered and sits within Oakland’s green zone. 675 37th St offers a potential buyer not only the upside in potential rent but also the ability to occupy the space themselves should a user want to take over some space.

Exclusively Listed By

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