For Sale
$4,780,000

1001 24Th StOakland, CA 94607

12,260 SF Flex/Warehouse, $390/SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 12,260-square-foot flex/warehouse property, located at 1001 24th Street in Oakland, California, presents a compelling investment opportunity. Boasting a desirable location in Alameda County (zip code 94607), this vacant property is available for sale at $4,780,000, representing a 7.49% cap rate. The building, constructed in 1929 and zoned RM-2, sits on a 0.26-acre lot (APN 005-0429-009-01). Features include a 20-foot clear ceiling height and a fully equipped commercial kitchen space, complete with three walk-in coolers and one walk-in freezer. The property also benefits from a solar roof system. The lease terms, should a tenant be sought, are a triple net (NNN) lease commencing May 31, 2024, and expiring May 30, 2030, with a 4% annual rent increase. This property offers a unique blend of industrial functionality and modern amenities, making it ideal for a variety of uses. The net rentable square footage is 12,260 square feet, with a price per square foot of $390. The property's prime location and versatile design make it an attractive investment for discerning buyers seeking a strong return. The 48-inch hood in the commercial kitchen is a significant asset for food-related businesses.

Highlights

  • $4,780,000 asking price for this 12,260 square foot industrial flex/warehouse property.
  • Located at 1001 24th St, Oakland, CA 94607, on a 0.26-acre lot (APN: 005-0429-009-01).
  • Features 20' clear height ceilings and a 48" hood.
  • Includes a commercial kitchen with three walk-in coolers and one walk-in freezer, plus rooftop solar.
  • Vacant, NNN lease available commencing May 31, 2024, expiring May 30, 2030, with a 7.49% cap rate and $390/sq ft price.
  • RM-2 zoning.

Property Details for 1001 24Th St

Property type
Warehouses, Industrial properties
Square Feet
12,260 SF
Year Built
1929
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Oakland
County
Alameda
State
California
Latitude
37.816223
Longitude
-122.2805393
1001 24Th St, Oakland, California

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1001 24Th St
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