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401 Alice St
Oakland, CA 94607
Flex Property For Sale
Executive Summary
Lee & Associates, as an exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 401 Alice
Street, Oakland, CA (“The Property”) is a historic, mixed-use building (Zoned C-45/S-4) located in the heart of Jack London
Square. The 13,895± SF building was acquired in 2018 and had extensive tenant improvements and renovations completed
before leasing it out to a pair of tenants. The property is 77% leased with One (1) 3,254± SF vacancy leaving the buyer with an
opportunity to use the space themselves, or lease out the space to a tenant, bringing the property to 100% leased. In short,
this is a rare opportunity to purchase a NNN leased investment with potential for income growth and future development
opportunities.
Street, Oakland, CA (“The Property”) is a historic, mixed-use building (Zoned C-45/S-4) located in the heart of Jack London
Square. The 13,895± SF building was acquired in 2018 and had extensive tenant improvements and renovations completed
before leasing it out to a pair of tenants. The property is 77% leased with One (1) 3,254± SF vacancy leaving the buyer with an
opportunity to use the space themselves, or lease out the space to a tenant, bringing the property to 100% leased. In short,
this is a rare opportunity to purchase a NNN leased investment with potential for income growth and future development
opportunities.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 13,920 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Flex | Year Built/Renovated | 1920/2021 |
| Property Subtype | Flex Research & Development | Parking Ratio | 0.07/1,000 SF |
| Building Class | B | Clear Ceiling Height | 24’ |
| Lot Size | 0.32 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-45 - Extremely Flexible Zoning in the City of Oakland allowing a wide range of uses. | ||
| Sale Type | Investment NNN |
| Sale Condition | 1031 Exchange |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 0.32 AC |
| Rentable Building Area | 13,920 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2021 |
| Parking Ratio | 0.07/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-45 - Extremely Flexible Zoning in the City of Oakland allowing a wide range of uses. |
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Skylights
- Waterfront
- Storage Space
- Air Conditioning
Utilities
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 001-0153-007-00 | Improvements Assessment | $1,810,694 CAD |
| Land Assessment | $4,177,337 CAD | Total Assessment | $5,988,030 CAD |
Property Taxes
Parcel Number
001-0153-007-00
Land Assessment
$4,177,337 CAD
Improvements Assessment
$1,810,694 CAD
Total Assessment
$5,988,030 CAD
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