The Ida Group


Closed AT $6,600,000

±30,130 SF | Price/SF: $220 | Lot Size: 1.15 AC | Year Built: 1954, 2009 & 2009


Investment Highlights

  • Seller Truly Took Advantage of Today’s Seller’s Market

  • Owner/Occupied property for the last 30 years, downsizing business operation and relocating to a more suitable facility

  • Closed at $6,600,000 ($220/SF)

  • Multiple Offers from Owner/Users and Investors

  • Located in Oakland’s Green Zone, however, the property was sold to a non-profit (non-cannabis related)

  • Property was previously listed with three different brokerage companies who where unsuccessful in selling the asset

  • Centrally located industrial sites in vibrant Jingletown of Oakland

  • High visibility corner with immediate access to Interstate 880 and Alameda using the Park Street Bridge

  • Three vacant industrial buildings totaling ±30,130 square-feet situated on a 1.15-acre parcel with off-street parking

  • D-CE-3 zoning provides a wide array of permitted uses such as light industrial, residential, live/work, work/live, retail, etc.

  • Building two is newer construction built in 2009

  • Ten minutes to the Oakland International Airport and forty minutes to the San Francisco International Airport

  • 23rd Avenue bus stop is half a block in front of property and Fruitvale Bart Stop is a short distance away, offering access to San Francisco