OM/BOV Sample

OFFERING MEMORANDUM

190 14TH STREET VACANT RETAIL BUILDING FOR SALE IN DOWNTOWN OAKLAND

A Z I Z K H AT R I, C C I M

LY N N E T T E S T R O E G E R

DIR ECTO R K WC | B RO KE R A S S O C I A T E

KW C OMMERC IAL - EAS T B AY

DR E# 0 1 0 5 0 7 2 1

D RE# 02009104

(510) 3 6 8 - 8 3 4 7

( 650) 440-0099

AZIZ@K W.CO M

L S T ROEGER@KW.C OM

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KW Commercial - Oakland DRE#: 02029039

KW Commercial - East Bay DRE#: 01345026

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All materials and information received or derived from KW Commercial Oakland/KW Commercial East Bay, its directors, officers, agents, advisors, affiliates, and/or any third party sources are provided without representation or warranty as to completeness, veracity or accuracy, condition of the property, compliance, or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial Oakland/KW Commercial East Bay, its directors, officers, agents, advisors, or affiliates make any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial Oakland/KW Commercial East Bay will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

A Z I Z K H AT R I, C C I M DIRECTO R K WC | B RO KE R A S S O C I A T E D R E# 0 1 0 5 0 7 2 1 (510) 368-8347 AZ I Z @ KW . C O M

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial Oakland/KW Commercial East Bay makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial Oakland/KW Commercial East Bay does not serve as a financial advisor to any party regarding any proposed transaction.

LY N N E T T E S T R O E G E R

All data and assumptions regarding financial performance, including those used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at, or increased to that level. Parties must evaluate any applicable contractual and governmental limitations, as well as market conditions, vacancy factors, and other issues in order to determine rents from or for the property.

K W CO M M ERC I A L - E A S T B A Y D R E# 0 2 0 0 9 1 0 4 (650) 440-0099 L STR O EG E R@KW . C O M

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed

by KW Commercial Oakland/KW Commercial East Bay in compliance with all applicable fair housing and equal opportunity laws.

KW Commercial - Oakland DRE#: 02029039

KW Commercial - East Bay DRE#: 01345026

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EXECUTIVE SUMMARY 1 9 0

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P R O P E R T Y OV E RV I E W VACANT RETAIL BUILDING FOR SALE IN DOWNTOWN OAKLAND.

± 2,772 sq.ft single story building on a ± 6,750 sq. ft lot. Corner location on a major street with a private drive-through parking. D-LM-2 Zone is intended to create, maintain, and enhance areas of the Lake Merritt Station Area Plan District for ground-level, pedestrian-oriented, active storefront uses.

Upper story spaces are intended to be available for a wide range of Office and Residential Activities.

This rare development opportunity with potential is surrounded by othe mixed-used of retail and residential properties.

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P R O P E R T Y D E S C R I P T I O N & O F F E R I N G S U M M ARY

190 14TH STREET ZONING

PRICE:

$1,388,000

Lot SF:

± 6,750

Building SF:

± 2,772

D-LM-2 Zone is intended to create, maintain, and enhan-

Year Built:

1964

ce areas of the Lake Merritt Station Area Plan District for

APN#:

008-0628-006

Zoning:

D-LM-2 Zoning

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ground-level, pedestrian-oriented, active storefront uses.

Upper story spaces are intended to be available for a wide range of Office and Residential Activities.

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AERIAL PHOTOS 1 9 0

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PROPERTY PHOTOS 1 9 0

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THE OPPORTUNITY Own a Piece of Downtown Oakland

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SALE & SOLD COMPS 1 9 0

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SAL E C O M PAR AB L E S

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212 9TH ST - MADISON SQUARE PROFESSIONAL CTR, UNIT 106

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388 9TH ST - PACIFIC RENAISSANCE PLAZA, PACIFIC RENAISSANCE, UNIT 268

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801-899 CLAY ST - MARKET SQUARE RETAIL, UNIT 879

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SAL E C O M PAR AB L E S 212 9th St - Madison Square Professional Ctr, Unit 106

212 9th St - Madison Square Professional Ctr, Unit 106

388 9th St - Pacific Renaissance Plaza, Pacific Renaissance, Unit 268

Oakland, CA 94607

Oakland, CA 94607

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Oakland, CA 94607

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3

Address:

212 9th St

Address:

388 9th St

Address:

801-899 Clay St

City:

Oakland

City:

Oakland

City:

Oakland

Condo Sale Price:

$949,000

Condo Sale Price:

$2,600,000

Condo Sale Price:

$1,100,000

Unit SF:

2,097 SF

Unit SF:

3,866 SF

Unit SF:

1,942 SF

Price/SF:

$452.55

Price/SF:

$672.53

Price/SF:

$566.43

Sale Type:

Owner User

Cap Rate:

5.00%

Sale Type:

Investment Or Owner User

Building Type:

Medical

Sale Type:

Investment Or Owner User

Center Type:

Storefront Retail/Office

RBA:

45,800 SF

Center Type:

Neighborhood Center

Center Size:

17,857 SF

% Leased:

96.5%

Center Size:

88,000 SF

% Leased:

100.0%

Land Area:

24,829 SF

% Leased:

87.7%

Land Area:

104,980 SF

Sale Status:

Active

Sale Status:

Active

Sale Status:

Active

Floor #:

1

Floor #:

2

Floor #:

1

Unit #:

106

Unit #:

268

Unit #:

879

Year Built:

1924

Year Built:

1992

Year Built:

2005

Typ Floor Size:

11,450 SF

Zoning:

CC-P

Zoning:

M-40

Stories:

4

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S O L D C O M PAR AB L E S

2

3

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4

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1 51 1 0 TH ST. , OAKLAND, CA 94607

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370 11TH ST., OAKLAND, CA 94607

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816 A LIC E ST., OAKLAND, CA 94607

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30 0 -302 6 TH ST., OAKLAND, CA 94607

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S O L D C O M PAR AB L E S 151 10th St Oakland, CA 94607

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370 11th St

816 Alice St

Oakland, CA 94607

Oakland, CA 94607

2

3

300-302 6th St Oakland, CA 94607

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Sale Date:

May 12, 2022

Sale Date:

Dec 7, 2021

Sale Date:

Jul 19, 2021

Sale Date:

May 27, 2021

Sale Price:

$2,000,000

Sale Price:

$1,028,000

Sale Price:

$1,600,000

Sale Price:

$935,000

Price/SF:

$456.62

Price/SF:

$274.13

Price/SF:

$615.15

Price/SF:

$285.41

Parcels:

002-0083-022-00

Actual Cap Rate: 7.50%

Parcels:

001-0179-011-00

Parcels:

001-0189-012-00

Type:

2 Star Retail

GRM:

9.52

Type:

2 Star Retail Storefront

Type:

2 Star Retail Storefront

Freestanding

Parcels:

002-0057-015-00

Year Built:

1925

Type:

Star Retail Storefront

Year Built:

1897

Year Built:

1978

GLA:

4,380 SF

Retail/Residential

GLA:

2,601 SF

GLA:

3,276 SF

Land Acres:

0.23 AC

Year Built:

1928

Land Acres:

0.09 AC

Land Acres:

0.04 AC

Land SF:

10,019 SF

GLA:

3,750 SF

Land SF:

3,844 SF

Land SF:

1,742 SF

Zoning:

D-LM-4

Land Acres:

0.03 AC

Zoning:

R80, Oakland

Zoning:

DLM4

Sale Condition:

High Vacancy

Land SF:

1,250 SF

Property

Zoning:

D-LM-4

Sale Condition:

Deferred Maintenance

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Retail/Residential

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L O C AT I O N H I G H L I G H T S

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6 minutes walk to Oakland Museum of California.

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15 minutes walk to Amtrak Oakland Jack London.

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8 minutes walk to Lake Merrit.

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1.4 miles Sutter Health Alta Bates Summit Medical Center.

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8 minutes walk to Lake Merrit BART Station.

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1.7 miles Kaiser Permanente Oakland Medical Center.

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12 minutes walk to Broadway BART Station.

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8.1 miles Oakland International Airport.

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10 minutes walk to Laney College.

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Easy access to 880, 80, 580 and 24 freeways.

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13 minutes walk to The Cathedral of Christ the Light.

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Local Amenities nearby: restaurants, grocery, retail.

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AR E A H I G H L I G H T S

OAK L AN D, C A The Community and fabric of Oakland is made up of culturally-distinct neighborhoods, inspiring many facets of trade of business. Oakland is a vibrant city located in Alameda county, California with a population of 425,097. Connected to San Francisco by the Bay Bridge, Oakland offers residents an urban-suburban feel with a diverse array of bars, restaurants, shops, and parks. One of the most diverse cities in America, many families and young professionals call Oakland home.

A vibrant retail community is growing in the heart of Old Oakland. Featuring innovative homegrown

#2

of 228

Most Diverse in America

#6

of 228

Most Diverse Places to Live in America

#12 of228

Best Cities for Outdoor Activities in America

brands, events, specialty retail, world-class restaurants, local breweries, and a weekly farmer’s market!

Don’t miss this opportunity for your business to be a part of this vibrant community!

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AR E A H I G H L I G H T S

Lakeside Park and Garden Center

Cathedral of Christ the Light Church

Fox Theater Oakland

Oakland Zoo

Redwood Regional Park

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96

93

73

Bike Score

Walk Score

Transit Score

Biker’s Paradise

Walker‘s Paradise

Excellent Transit

Daily errands can be accomplished on a bike.

Daily errands do not require a car.

Transit is convenient for most trips.

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L O C AL AM E N I T I E S

10 9

1. 190 14TH STREET, OAKLAND, CA 94612

12

2. OAKLAND MUSEUM OF CALIFORNIA 3. LAKE MERRIT 4. LAKE MERRIT OAK BART STATION

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5. BROADWAY BART STATION 6. LANEY COLLEGE 5

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7. THE CATHEDRAL OF CHRIST THE LIGHT

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8. AMTRAK OAKLAND JACK LONDON 11

9. SUTTER HEALTH ALTA BATES SUMMIT MEDICAL CENTER

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10. KAISER PERMANENTE OAKLAND MEDICAL CENTER 11. 880 FREEWAY 12. 24 FREEWAY

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OFFERING MEMORANDUM

190 14TH STREET OAK L AN D,

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VACANT RETAIL BUILDING FOR SALE IN DOWNTOWN OAKLAND

A Z I Z K H AT R I , C C I M

LY N N E T T E S T R O E G E R

D I RE C T O R KW C | B ROKER AS S OC IAT E

KW C OMMERCIAL - EAST BAY

D RE # 0 1 050721

D RE# 02009104

( 5 1 0 ) 3 68-8347

( 650) 440-0099

A ZI Z@ KW.C OM

L S T ROEG ER@K W .COM

KW Commercial - Oakland DRE#: 02029039

KW Commercial - Oakland DRE#: 01345026

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