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Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Land Area ()

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in 1618 Franklin Street (the “Property”), a 3-story, 100%-leased 26,613 square foot mixed-use asset located in Oakland’s Uptown submarket.


The Property boasts an exciting mix of tenancy and uses including high-end creative office, a restaurant and medical/dental space offering income diversity and protected in-place cash flow via a WALT of 5.13 years.


1618 Franklin presents an investor with the opportunity to acquire a fully renovated mixed-use building with historic charm located in the heart of one of Oakland’s most exciting mixed-use neighborhoods.

Investment highlights

100% LEASED ASSET

  • With 5.13 years of WALT including a recently executed 10-year NNN lease with Western Dental

HIGH-QUALITY BOUTIQUE / CREATIVE ASSET

  • Offering exceptional office, high-end retail and medical space


BULLSEYE OAKLAND LOCATION

  • Along Franklin Street corridor with abundant access to amenities and transit


STRONG MARKET FUNDAMENTALS

  • Approximately 700,000 SF of active tenant demand in Oakland and growing. Average market occupancy of 90% since 1997 and outperforming San Francisco in rent stability during recessionary periods


COMPELLING CASH FLOW & RETURNS

  • Ability to solve to strong levered returns compared to other asset classes
Last Updated Date: 08 Sep 2021
Erik Hanson
Erik Hanson
Senior Director, Capital Markets
Broker Licenses
CA - 1860062
David Dokko
David Dokko
Senior Director, Capital Markets
Broker Licenses
CA-01960806

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Last Updated Date: 08 Sep 2021

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