Oakland Leaking-Tank Warehouse — 27,559 SF Industrial
A warehouse with an open leaking-tank case, sold to a local owner-user.
What the property's history looked like.
The warehouse was a former commercial fueling site. A 3,750-gallon underground tank was removed in February 2000 after a petroleum release, and the regulatory case remained open for more than two decades, including a 2009 excavation of 1,100 tons of soil. The building had significant deferred maintenance and sits among single- and multi-family homes.
How we handled it.
Found the right buyer type
We looked for a local user who wanted the site for his own business.
Put the case history in front of buyers
The regulatory record and cleanup status were part of the offering from the start.
Worked the environmental terms in escrow
We managed due diligence so the open case did not stall the close.
Deal specifics
Related sales.
Own a property with environmental history?
Request a confidential opinion of value. We start with what the site's history means for value and for buyers.
jida@lee-associates.com
CA DRE Lic. #01826381
bgallagher@lee-associates.com
CA DRE Lic. #02047890
dogard@lee-associates.com
CA DRE Lic. #02103324
San Francisco, CA 94104