Listed by California Capital & Investment Group
$4,000,000
560 14th Street
Details
APN 3-69-15
Property Type Office
Sub Type Executive Office
Square Footage 19,854
Cap Rate 7.00%
Pro-Forma Cap Rate 10.00%
Price per SqFt $201
Year Built 1914
Year Renovated 2021
Stories 4
Lot Size (SqFt) 5,227
Zoning CBD-P – Height area 6, no limit
Investment Type Owner/User
Office | 7.00% CAP | 19,854 SqFt
Marketing description
California capital & investment group is pleased to present this incredible opportunity to acquire a 4 story office building with Large usable basement located just steps away from city hall in the heart of oakland’s central business district. The property is Approximately 65% leased to long term tenants and presents a buyer with a great cash flow opportunity on existing income in Addition to great upside potential. This is also a great opportunity for an owner/user that wants to utilize the vacant space for Its business while collecting great income from the existing tenants.
Investment highlights
- Flexible opportunity for an investor or owner/user to acquire a very well located Office building
- Excellent income with plenty of upside
- Large usable basement
- Long term leases on the upper two floors provide excellent long term income
- Elevator
- HVAC
- Steps away from city hall, state and federal offices
- Walking distance to great restaurants, bars and entertainment
- Easy access to 580, 24, and 880
- Building contains hardwood flooring.
- High ceilings.
- The steel frame and footings were originally designed for two more stories in Addition to present 4 stories (note the protruding column caps through the roof). Seller retrofitted the steel frame with lateral steel bracing on all floors in 1999.
- The elevator was retrofitted with a new hydro piston and shaft in 2023.
- The facade was reinforced to meet the cornice structural requirements of the city In approximately 1985.
- Building is on oakland’s historic building register.
- In 1999, seller installed new HVAC systems, electrical distribution systems, Telephone and life safety systems which still comply with current codes.
- New roof installed in approximately 2021 (still under warranty) and new HVAC Units all on the upper roof installed around the same time (they supplied the 3rd And 4th floors). Seller replaced the HVAC equipment on the first floor in Approximately 1999.
- The lobby, and all floors above have fire alarms and HVAC controls.
- All restrooms above the first floor were built at the same time in 1999 so they Conform to modern codes. All exits also conform to modern codes.
Listing Contacts
Listed by California Capital & Investment Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Is there information that looks off?
