Updated Lake Merritt Office or Adaptive Reuse | 2108 Lakeshore Ave
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Updated Lake Merritt Office or Adaptive Reuse 2108 Lakeshore Ave
7,817 SF 20% Leased Office Building Online Auction Sale Oakland, CA 94606
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Investment Highlights
- This versatile commercial office offers strong potential as a corporate headquarters, a value-add investment, or a residential conversion.
- Desireable features include on-site parking, a mix of private & collaborative spaces, and a generous layout ideal for various professional services.
- The buliding receives rich natural lighting from four exposures, a rarity for a corner lot.
- Situated on the shores of Lake Merritt, the property enjoys spectacular panoramic water views and easy access to Oakland’s quality amenities.
- Within a thriving East Bay commercial hub, with almost 15,000 businesses within 2 miles of the property, and daytime employment exceeding 119,000.
Executive Summary
BAM Team RE Inc. is pleased to exclusively present the opportunity to acquire the fee simple interest in 2108 Lakeshore Avenue. This well-maintained, three-level corner office building is situated on the shores of Lake Merritt in Oakland. Delivered approximately 20% occupied, this property is an extraordinary opportunity for owner occupancy, investment, or residential conversion.
Totaling 7,817 square feet initially constructed in 1923, this spacious professional office provides numerous desirable features and modern updates to meet contemporary business needs. Employees can enjoy the convenience of on-site private parking, as well as breathtaking views of Lake Merritt from one of the many private or collaborative office spaces. The building’s generous layout provides a versatile space for various professional services. Four of the suites have fireplaces and balconies with lake views, and two suites have decks. Five surface parking spaces are on-site, as well as one-car garage at the front of the property.
Experience urban living at its finest while enjoying the tranquility of Lake Merritt’s serene waters right at your doorstep. Nestled in Oakland's highly sought-after Lake Merritt neighborhood, 2108 Lakeshore Avenue offers unparalleled access to the city’s vibrant culture, entertainment, and dining scenes. With panoramic lake views, this remarkable property blends the serenity of nature with the dynamism of urban life.
Whether envisioning this property as a corporate headquarters with a view or planning to transform it into a luxurious residential space, the possibilities are as vast as the lake itself. These spaces are perfect for businesses seeking a prime location with lake views, and they also present an attractive option for investors looking to capitalize on Oakland’s thriving real estate market. There is also robust potential to redefine modern living in the area by converting this office building into a high-end residential property.
2108 Lakeshore combines convenience, modern updates, and lake views, making it an exceptional opportunity for owners/users, investors, or residential developers. Embrace this chance to create a new dream space in one of Oakland’s most desireable neighborhoods.
Totaling 7,817 square feet initially constructed in 1923, this spacious professional office provides numerous desirable features and modern updates to meet contemporary business needs. Employees can enjoy the convenience of on-site private parking, as well as breathtaking views of Lake Merritt from one of the many private or collaborative office spaces. The building’s generous layout provides a versatile space for various professional services. Four of the suites have fireplaces and balconies with lake views, and two suites have decks. Five surface parking spaces are on-site, as well as one-car garage at the front of the property.
Experience urban living at its finest while enjoying the tranquility of Lake Merritt’s serene waters right at your doorstep. Nestled in Oakland's highly sought-after Lake Merritt neighborhood, 2108 Lakeshore Avenue offers unparalleled access to the city’s vibrant culture, entertainment, and dining scenes. With panoramic lake views, this remarkable property blends the serenity of nature with the dynamism of urban life.
Whether envisioning this property as a corporate headquarters with a view or planning to transform it into a luxurious residential space, the possibilities are as vast as the lake itself. These spaces are perfect for businesses seeking a prime location with lake views, and they also present an attractive option for investors looking to capitalize on Oakland’s thriving real estate market. There is also robust potential to redefine modern living in the area by converting this office building into a high-end residential property.
2108 Lakeshore combines convenience, modern updates, and lake views, making it an exceptional opportunity for owners/users, investors, or residential developers. Embrace this chance to create a new dream space in one of Oakland’s most desireable neighborhoods.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
East Bay - CA USA
Market Cap Rate
East Bay - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Property Subtype
Medical
Building Size
7,817 SF
Building Class
B
Year Built
1923
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,605 SF
Slab To Slab
10’
Building FAR
1.79
Lot Size
0.10 AC
Zoning
R80/S4, Oakland - Flexible- please check zoning Table
Parking
6 Spaces (0.77 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Fireplace
- Waterfront
- Natural Light
- Hardwood Floors
- Yard
- Air Conditioning
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (77)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
60,007
313,763
525,515
2020 Population
60,322
320,816
542,658
2029 Population
58,614
305,416
510,512
2024-2029 Projected Population Growth
-2.3%
-2.7%
-2.9%
Daytime Employees
36,882
173,982
296,940
Total Businesses
4,296
24,354
36,213
Average Household Income
$113,318
$127,791
$129,500
Median Household Income
$83,551
$92,896
$94,257
Total Consumer Spending
$909.4M
$4.5B
$7.3B
Median Age
40.4
40.4
39.2
2024 Households
30,212
129,766
208,668
Percent College Degree or Above
32%
29%
29%
Average Home Value
$853,368
$911,400
$914,472
zoning
| Zoning Code | R80/S4, Oakland (Flexible- please check zoning Table) |
| R80/S4, Oakland (Flexible- please check zoning Table) |
PROPERTY TAXES
| Parcel Number | 023-0412-005-00 | Improvements Assessment | $1,989,409 |
| Land Assessment | $890,880 | Total Assessment | $2,880,289 |
PROPERTY TAXES
Parcel Number
023-0412-005-00
Land Assessment
$890,880
Improvements Assessment
$1,989,409
Total Assessment
$2,880,289
Sale Advisor
Sale Advisor
Brian Merrion, Broker
(415) 802-1400
Contact
Prior to starting City Point I spent 5 years in auto show and event marketing for Volkswagen. While there I learned a tremendous amount of knowledge relating to marketing and branding with one of the world’s premier automotive brands. With my position I spoke face to face with thousands of customers’ over the years. I listened to a lot of good and a lot of bad- but the position made me realize how important every customer can be. I took that axiom and applied it to City Point. At City Point we truly see each client as an individual and not a commission check. We love to take the time to make sure our clients are getting the best possible service and we are continually educating ourselves to provide the highest level of expertise and representation to our clients. Whether it is a small rental deal or a big building purchase, we always give it our all.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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