5263 Claremont Ave, Oakland, CA 94618
5263 Claremont Ave, Oakland, CA 94618
5263 Claremont Ave, Oakland, CA 94618
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$2,200,000
Est. payment /mo
8,865 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 8,865 sqft

Price per Sqft $248

Subdivision Temescal

MLS Listing ID 41151362

HOA Y/N No

Year Built 1924

Lot Size 5,400 Sqft

Acres 0.12

Property Sub-Type Office

Property Description

Prime commercial investment opportunity perfectly situated at the gateway of Oakland's highly desirable Temescal and Rockridge districts. 5261-5263 Claremont Avenue is a well-maintained, 8,865 sq. ft. multi-tenant mixed-use office building generating a strong actual Cap Rate of 6.17%. The property features five distinct suites across three levels. Four suites are currently occupied by stable, long-term commercial tenants on low-burden Modified Gross leases, where tenants are responsible for their own gas, electric, and interior maintenance. The top floor includes one vacant office suite, presenting immediate upside for an investor to lease at market rate or a turnkey opportunity for an owner-user to occupy while collecting income from the rest of the building. Located on a vibrant, pedestrian-friendly transit corridor, the property boasts excellent walkability and sits just minutes from both the Rockridge and MacArthur BART stations, making it highly accessible for commuters and clients alike. Zoned CC-2/S-13. An exceptional, cash-flowing asset in one of Oakland's most dynamic neighborhoods.

Location

State CA

County Alameda

Zoning CC-2

Interior

Fireplace No

Building

Lot Description BART Nearby, Commercial, Freeway Nearby, Neighborhood Commercial, Public Transport Nearby

New Construction No

Others

Tax ID 14122512

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Bridge MLS
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Listed by Steven Peterson • Infinity Investments

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Realtors DRE01254724 / 01254725

Realtors DRE01254724 / 01254725

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