The Ida Group

OAKLAND: 3875 TELEGRAPH AVE

SOLD: $4,500,000

CAP Rate: 4.87% | Rentable SF: 13,052 | Price/Rentable SF: $344.77 | Lot Size: 26,440 SF | Year Built: 1989

 
 

INVESTMENT HIGHLIGHTS

  • Generational redevelopment opportunity - Future potential to redevelop the entire parcel at the end of the lease term
  • 18-year lease with annual CPI rent escalations (not to exceed 10%)
  • Transit friendly location – One block from BART Macarthur Station with 33,456 passenger boarding and exiting per day
  • Long Term Ground Lease to Alta Bates Summit Medical Center Surgery Property Company, LLC
  • Adjacent to MacArthur Station – Future home of  multifamily housing development with 675 units planned
  • State-of-the-art surgery center that services Alta Bates & Summit Medical Center
  • Blocks from both Interstate 580 (199,000 VPD) and Highway 24 (164,186 VPD) providing convenient access to Bay Area cities