3875 Telegraph Avenue

Oakland, CA

Transaction Value

$4,500,000

Size

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

Year Closed

2017

PROPERTY PHOTOS

TRANSACTION SUMMARY

Sale closed in Oakland, CA

The Ida Group represented this sale transaction at 3875 Telegraph Avenue in Oakland, CA, closed in 2017. The property totals CAP Rate: 4.87% | Rentable SF: 13,052 | Price/Rentable SF: $344.77 | Lot Size: 26,440 SF | Year Built: 1989.

This is one of 150+ industrial and commercial real estate transactions The Ida Group has closed across the Bay Area and beyond. Contact us for full transaction details or to discuss a similar opportunity.

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

LOCATION

3875 Telegraph Avenue, Oakland, CA

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