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5000-5004 Telegraph Ave 31,000 SF 90% Leased Retail Building Oakland, CA 94609 $15,180,630 CAD ($489.70 CAD/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 8.25% Cap Rate: at 90% Occupancy
- 36,700 SF Contiguous Land
- Outstanding Local Tenant Profile
- $350.80 Price Per Foot
- Iconic Neighborhood Property
EXECUTIVE SUMMARY
The Temescal Portfolio includes 5000-5010 Telegraph Avenue, 4926 Telegraph Avenue, and 470 49th Street, which is a diverse collection of trendy shops, quality food, artists, studios, and apartments. With approximately 31,900 square feet of rentable space, this rare portfolio is strategically positioned near the MacArthur BART station, the largest in the BART system. It is also situated along the main retail corridor that connects the University of California, Berkeley campus, and downtown Oakland, ensuring high foot traffic potential.
The Temescal Portfolio is a unique collection representing the vibrant Temescal neighborhood. It features a diverse mix of local artists showcasing their work and is home to famous weekly farmers market and street festivals, which attract locals and visitors. The properties are located in the most vibrant blocks along the Temescal/Telegraph area, with adjacent tenants like Whole Foods Market and Temescal Plaza, making them a local treasure.
The overall outlook for the subject neighborhood is not just positive, but promising. There are limited, vacant development sites in the
neighborhood; however, some sites have been or are available for redevelopment into multistory, mixed-use retail/commercial buildings. Property maintenance levels vary from good to excellent. The neighborhood is in close proximity to the affluent neighborhoods of Rockridge, Piedmont, and Montclair.
The Temescal Portfolio is a unique collection representing the vibrant Temescal neighborhood. It features a diverse mix of local artists showcasing their work and is home to famous weekly farmers market and street festivals, which attract locals and visitors. The properties are located in the most vibrant blocks along the Temescal/Telegraph area, with adjacent tenants like Whole Foods Market and Temescal Plaza, making them a local treasure.
The overall outlook for the subject neighborhood is not just positive, but promising. There are limited, vacant development sites in the
neighborhood; however, some sites have been or are available for redevelopment into multistory, mixed-use retail/commercial buildings. Property maintenance levels vary from good to excellent. The neighborhood is in close proximity to the affluent neighborhoods of Rockridge, Piedmont, and Montclair.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
31,000 SF
Building Class
C
Year Built
1910
Price
$15,180,630 CAD
Price Per SF
$489.70 CAD
Cap Rate
8.25%
NOI
$1,252,402 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.84 AC
Frontage
74’ on Telegraph Ave
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,479,695 CAD | |
| Land Assessment | $1,204,018 CAD | Total Assessment | $2,683,714 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,204,018 CAD
Improvements Assessment
$1,479,695 CAD
Total Assessment
$2,683,714 CAD
CONTACTS
-
Steven Caravelli -
Jon Treter -
Kevin Caravelli -
Ben Gilliam -
Coldwell Banker Commercial Realty
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5000-5004 Telegraph Ave
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