3640 Grand Avenue, Oakland

EXECUTIVE SUMMARY 3640 Grand Avenue is an excellent opportunity for an owner-user or value-add investor. The building is well-located along the Grand Avenue corridor adjacent to the affluent Oakland Hills. There are sixteen (16) onsite secured parking stalls. The building is within walking distance to numerous retail and restaurant amenities. The location also offers convenient access I-580. There is currently ±4,415 rentable square feet (“RSF”) of vacant space in the building which represent 38.9% of the total RSF. The largest contiguous block of vacant space is located on the second floor consisting of ±3,383 RSF. Based on the flexibility of the rent roll there are additional expansion opportunities that can be explored which are contiguous to the second floor vacancy. The building is currently occupied by fourteen (14) tenants making it ideal for a buyer seeking the stability of a diversified rent roll. This asset also offers exceptional flexibility for an owner-user to scale their footprint up or down depending on the current or future needs of their business.

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  Square Footage: 4,587 SF

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  Term: Negotiable

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  Lease Rate: $42.00

INVESTMENT HIGHLIGHTS