offering memorandum (l)€¦ · title: offering memorandum (l)
TRANSCRIPT
tel +1 415 480 0209cell +1 707 480 2591fax +1 415 226 0360
A & P Service Center
Confidential Offering Memorandum presented by:
Alex BarkerSenior Leasing & Investment AdvisorO: (415) 480-0209M: (707) 480-2591F: (415) [email protected] CalBRE #01961924
Thomas LoretzInvestment AdvisorO: (415) 237-0444M: (650) 274-9322F: (415) [email protected] CalBRE #01986511
3506 Piedmont Ave., Oakland , CA 94611
3506 Piedmont Ave. | Oakland , CA
FOR SALE
ContentsTable of
4 Section 1Property Information
6 Section 2Location Information
11 Section 3Demographics
Confidentiality &Disclosure Agreement
The information contained in the following Investment Summary is proprietary and strictly confidential. It is intended to be reviewed only by the party
receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the
written consent of Broker. This Investment Summary has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence
investigation. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the
subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the
presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of
improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the
subject property.
The information contained in the Marketing Brochure has been obtained from sources we believe to be reliable; however, Broker has not verified, and
will not verify, any of the information contained herein, nor has Broker conducted any investigation regarding these matters and makes no warranty or
representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate
measures to verify all of the information set forth herein.
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PROPERTY INFORMATION
ExecutiveSummary
Property OverviewProperty Details
Sale Price $2,700,000
Price/SF $464
Building Size 5,810 SF
Lot Size 6,600 SF
Year Built 1925
Zoning CN-2 Neighborhood
Commercial
APN 009-01730-058
Submarket Oakland-North
Dimensions 110' X 60'
Building Size 5,810 SF
5
The 5,810 SF property is located on a 6,600 lot with 3 street frontages. Located on Piedmont Avenue with street frontages on bothWestell Avenue and Warren Avenue; It is directly across the street from Kaiser Permanente Oakland Medical Center. The area featuresalmost 50,000 people with average household incomes of approximately $70,000 within a one-mile radius. There are severaldevelopments at various stages in the North Oakland market. The area is experiencing a renaissance that offers an excellent opportunityfor investment. The building is located right along Interstate 580 and within one mile of MacArthur BART Station.
Property Highlights
• Free-Standing Automotive Building
• Delivered Vacant upon Sale
• Excellent Owner/User Opportunity
• Development Potential
• Across from Kaiser Hospital and the Piedmont Apartments
1 PROPERTY INFORMATION
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LOCATION INFORMATION
7
2 LOCATION INFORMATION
RegionalMap
8
2 LOCATION INFORMATION
LocationMaps
9
2 LOCATION INFORMATION
MapAerial
10
DevelopmentMap
2 LOCATION INFORMATION
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DEMOGRAPHICS
* Demographic data derived from 2010 US Census
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Population 0.5 Miles 1 Mile 1.5 Miles
TOTAL POPULATION 13,328 49,640 92,266
MEDIAN AGE 37.5 37.7 37.9
MEDIAN AGE (MALE) 36.6 37.2 37.2
MEDIAN AGE (FEMALE) 38.4 38.3 38.4
Demographics
Households & Income 0.5 Miles 1 Mile 1.5 Miles
TOTAL HOUSEHOLDS 7,696 27,696 48,664
# OF PERSONS PER HH 1.7 1.8 1.9
AVERAGE HH INCOME $64,251 $69,800 $73,402
AVERAGE HOUSE VALUE $475,887 $578,839 $636,783
Map
3 DEMOGRAPHICS