Bldg 2 | 1025 98th Ave
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Bldg 2 1025 98th Ave
59,170 SF 30% Leased Industrial Building Oakland, CA 94603 £7,495,500 (£127/SF)
Investment Highlights
- Large open distribution space, fully sprinklered, multiple docks outside and inside, with second floor new offices
Executive Summary
There are two buildings. Price covers both buildings. Main building is owner occupant opportunity with 41,620 sf warehouse with 5 grade level doors and 4 dock high bays. Currently used for Textile Rag company that will be relocated at close of escrow. Second building is 17,340 sf tenant occupied cannabis operation with lease through 1/31/25 with 5 year option generation an annual rent of $482,443 per year NNN.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Front Loading
- Roof Lights
- Yard
Utilities
- Water - City
- Sewer - City
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 41,620 SF
- Industrial
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 41,620 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 41,620 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 044-4989-010-06 | Total Assessment | £8,229,211 (2024) |
| Land Assessment | £3,300,486 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £4,928,725 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
044-4989-010-06
Land Assessment
£3,300,486 (2024)
Improvements Assessment
£4,928,725 (2024)
Total Assessment
£8,229,211 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | IG/S-19 (General Industrial Zzone with S-19 Health and Safety Protection combining zone regulations. Allows general manufacturing, warehousing, wholesale sales) |
| IG/S-19 (General Industrial Zzone with S-19 Health and Safety Protection combining zone regulations. Allows general manufacturing, warehousing, wholesale sales) |
-
Erik Wiese -
Wiese & Associates
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Bldg 2 | 1025 98th Ave
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