offering memorandum (l)€¦ · title: offering memorandum (l)

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tel +1 415 480 0209 cell +1 707 480 2591 fax +1 415 226 0360 A & P Service Center Confidential Offering Memorandum presented by: Alex Barker Senior Leasing & Investment Advisor O: (415) 480-0209 M: (707) 480-2591 F: (415) 226-0360 [email protected] CA CalBRE #01961924 Thomas Loretz Investment Advisor O: (415) 237-0444 M: (650) 274-9322 F: (415) 226-0360 [email protected] CA CalBRE #01986511 3506 Piedmont Ave., Oakland , CA 94611 3506 Piedmont Ave. | Oakland , CA FOR SALE

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Page 1: Offering Memorandum (L)€¦ · Title: Offering Memorandum (L)

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

Page 2: Offering Memorandum (L)€¦ · Title: Offering Memorandum (L)

ContentsTable of

4 Section 1Property Information

6 Section 2Location Information

11 Section 3Demographics

Page 3: Offering Memorandum (L)€¦ · Title: Offering Memorandum (L)

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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Page 4: Offering Memorandum (L)€¦ · Title: Offering Memorandum (L)

1A & P ServiceCenter

PROPERTY INFORMATION

Page 5: Offering Memorandum (L)€¦ · Title: Offering Memorandum (L)

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

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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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2A & P ServiceCenter

LOCATION INFORMATION

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2 LOCATION INFORMATION

RegionalMap

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2 LOCATION INFORMATION

LocationMaps

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2 LOCATION INFORMATION

MapAerial

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DevelopmentMap

2 LOCATION INFORMATION

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3A & P ServiceCenter

DEMOGRAPHICS

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* 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