1404 Franklin StOakland, CA 94612

Property Details for 1404 Franklin St

Year built

1924

Construction

STEEL FRAME

Lot size

0.21 AC

Property size (Sq ft)

53,913 SF

Property type

Office properties

Property subtype

Office buildings

APN

8-624-41

APU

862441

Description

This exceptional seven-story office building, originally constructed in 1924 and fully renovated in 2015, offers a unique blend of historic charm and modern amenities. Located in Alameda County's vibrant CBD Oakland submarket, this Class B property boasts 68,400 square feet of space, with 17,235 square feet currently available for lease. Multiple tenancy options are available, ranging from a minimum of 1,422 square feet to a maximum contiguous space of 7,312 square feet. The building features a steel-frame mid-rise structure, two fully refurbished elevators, and a zoned heat pump HVAC system ensuring optimal climate control. Security is paramount with a card reader secured main entryway providing 24/7 access. Additional features include a sprinkler system, ADA compliance throughout, and convenient access to DSL, T-1, and fiber optic telecom services. Secure basement storage and bicycle parking are also available. The building's prime location is just two blocks from the 12th Street BART station, offering excellent public transportation access. Abundant monthly and visitor parking options are available, along with numerous nearby restaurants. This is an unparalleled opportunity to secure prestigious office space in the heart of downtown Oakland.

• CAP approach

  CAP return

  Valuation

  6%

  $19,789,106

  6.5%

  $18,266,866

  7%

  $16,962,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,057,728

  Geo Method

  $15,036,875

• Alternative Use

  Use

  Valuation

  Residential

  $22,650,914

  Hospitality

  $20,748,116

  Educational

  $17,262,188

  Medical

  $17,855,862

  Retail

  $26,852,294

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8039

Longitude

-122.27

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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