1405-1415 Webster St
Office | 10,000 SqFt
Marketing description
1405-1415 Webster St is a two story building located in the heart of downtown Oakland. With a walk score of 100, 1405-1415 Webster offers a buyer the opportunity to own a building centrally located in Oakland’s CBD that is only a three block walk to the City Center BART Station. This boutique building is in the core area of significant new residential construction between Oakland’s City Center and Lake Merritt districts. Oakland’s solid transportation infrastructure has allowed it to benefit from tenants moving across the bay from San Francisco. The ground floor retail portion of the building is 100% leased with second floor office space above.
1405-1415 Webster St provides good size floor plates that offer flexible options for dividing spaces as needed to accommodate single or multiple tenant layouts. The current owner has added a secure entry system and has upgraded the HVAC. The short term office leases make this a perfect building for an owner/user looking to take advantage of an SBA loan or for a value-add investor wanting to lease up the property or eventually redevelop the site.
Investment highlights
- Price: $3,550,000
- APN: 8-624-38
- Neighborhood: Downtown Oakland
- Year built: Circa 1924
- Size: 10,000±
- Floors: Two (2)
- Occupancy: 71.8%
- Construction Type: Masonry
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