3664-3666 Grand Ave
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3664-3666 Grand Ave
10,070 SF 64% Leased Office Building Oakland, CA 94610 £2,308,228 (£229/SF) 6.70% Net Initial Yield
Investment Highlights
- Great Owner-User or Investment Opportunity
- Close proximity to amenities
- Virtual Tour available
- On-site parking
- Easy Access to I-580
Executive Summary
Wells & Bennett is pleased to present this exceptional opportunity to acquire for the first time in 50 years, 3664-3666 Grand Avenue (“Property”), located in the affluent Grand Lake Community of Oakland. The property consists of a 10,070 square foot two-story commercial office building on two parcels consisting of approximately 9,875 square feet. There are thirteen (13) onsite parking spaces in the paved parking lot directly behind the building. The building is conveniently located near shopping and dining amenities, with easy access to I-580.
This is an excellent opportunity for an owner-user or value-add investor. There is currently ±3,660 rentable square feet (“RSF”) of vacant space in the building which represent 36% of the total RSF. With (3) tenants on short term leases, an owner-user could capture additional space as needed.
This is an excellent opportunity for an owner-user or value-add investor. There is currently ±3,660 rentable square feet (“RSF”) of vacant space in the building which represent 36% of the total RSF. With (3) tenants on short term leases, an owner-user could capture additional space as needed.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£267,643
|
£26.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£113,019
|
£11.22
|
| Net Operating Income |
£154,623
|
£15.35
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £267,643 |
| Annual Per SF | £26.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £113,019 |
| Annual Per SF | £11.22 |
| Net Operating Income | |
|---|---|
| Annual | £154,623 |
| Annual Per SF | £15.35 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,070 SF
Building Class
C
Year Built
1961
Price
£2,308,228
Price Per SF
£229
Net Initial Yield
6.70%
NOI
£154,623
Percent Leased
64%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,035 SF
Slab to Slab
10 ft
Building FAR
1.02
Land Acres
0.23 AC
Zoning
CN-3/RM-2 - Neighborhood Center Mixed Use
Parking
13 Spaces (1.29 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Reception Area, 2 Private Offices, Conference Room, Large Open Area, Kitchenette/Break Room
- 2nd Floor
- 1,980 SF
- Office
- Shell Space
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste C | 1,680 SF | Office | Shell Space | Now |
| 2nd Floor | 1,980 SF | Office | Shell Space | Now |
1st Fl-Ste C
| Size |
| 1,680 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Floor
| Size |
| 1,980 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste C
| Size | 1,680 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Reception Area, 2 Private Offices, Conference Room, Large Open Area, Kitchenette/Break Room
1 of 1
Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £232,693 (2024) | |
| Land Assessment | £367,350 (2024) | Total Assessment | £600,043 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£367,350 (2024)
Improvements Assessment
£232,693 (2024)
Total Assessment
£600,043 (2024)
-
Kelly Klingler -
Wells & Bennett
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3664-3666 Grand Ave
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