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Acquisition financing for a five-building, mixed use property in the emerging Oakland submarket, located near a popular waterfront destination with nearby airport access
Investment highlights
- The mixed use property consists of five buildings totaling over 142,000 square feet and is uniquely located in the growing city of Oakland.
- The property is comprised of approximately 70% light industrial, 20% creative office and 10% retail.
- The Oakland submarket benefits from its proximity to I-880, with Oakland’s central business district and waterfront destinations just a short drive away.
Location
Investment details1
Total loan size
$17,500,000
Purpose
Acquisition financing
LTV
70%
Date of loan
10/22/19
Year built
1908/1970
Square feet
142,199