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400 E 12th St 2,483 SF Office/Retail Condo Unit Offered at $499,482 CAD in Oakland, CA 94606

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INVESTMENT HIGHLIGHTS

Located in the vibrant East Lake area.
Strong demographics feature population of 46,000 within a one-mile radius.
31,350 daytime employees within a one-mile radius.

Convenient to shopping, Lake Merritt, and Downtown Oakland.
Median Household Income of $94,688 within a 3-mile radius.

EXECUTIVE SUMMARY

PRICE IMPROVEMENT!!!! Reduced to $498,000!!! Ground floor commercial/retail condominium. Project consists of this ground floor commercial/retail space, plus five residential condominiums (NOT INCLUDED IN SALE), and common areas, which include a parking garage (serving the residential condos exclusively), interior hallways, and a pleasant side yard on the 4th Avenue side of the building. Previously used as a restaurant, the commercial condo space in question features a large walk-in refrigeration facility and two large ADA restrooms. Seller has partially completed division of the whole into two separate spaces.

PROPERTY FACTS

Total Building Size	18,204 SF	Typical Floor Size	6,895 SF
Property Type	Retail (Condo)	Year Built	2005
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service	Tenancy	Single
Building Class	C	Lot Size	0.17 AC
Floors	3	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CN-3 - CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.

Total Building Size	18,204 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service
Building Class	C
Floors	3
Typical Floor Size	6,895 SF
Year Built	2005
Tenancy	Single
Lot Size	0.17 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CN-3 - CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.

Bus Line
Corner Lot
Courtyard

Restaurant
Signalized Intersection

Tenant Controlled HVAC
Storage Space

Recessed Lighting
Air Conditioning

1 UNIT AVAILABLE

Unit 400

Unit Size	2,483 SF	Cap Rate	17.70%
Price	$499,482 CAD	NOI	$88,399.87 CAD
Price Per SF	$201.16 CAD	Sale Conditions	1031 Exchange, Building in Shell Condition
Condo Use	Office/Retail	APN/Parcel ID	020-0125-021-00
Sale Type	Investment or Owner User

Unit Size	2,483 SF
Price	$499,482 CAD
Price Per SF	$201.16 CAD
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	17.70%
NOI	$88,399.87 CAD
Sale Conditions	1031 Exchange, Building in Shell Condition
APN/Parcel ID	020-0125-021-00