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Tribune Tower 409 13Th Street, Oakland Offering Memorandum TRIBUNE TOWER 409 13TH STREET, OAKLAND OFFERING MEMORANDUM Exclusively Offered By: AILEEN DOLBY Senior Vice President +1 510 433 5815 [email protected] CA License No. 00949630 The property is being sold on an "as is, where is" basis. Any sale is subject to Court Accelerating success. approval. Seller/Client is a court appointed Receiver, case #R615778891. TRIBUNE TOWER OAKLAND, CA 2 COLLIERS INTERNATIONAL Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Colliers International as the exclusive agent, is pleased to present for sale 409 13th Street, Oakland, California, located in downtown Oakland right off the main artery of Broadway in the City Center district of Oakland CBD. Built in 1906 and remodeled in both 1946 and 1999, this historically significant building is well known as the Tribune Tower, as it was the headquarters of the Oakland Tribune newspaper. The tower is steel frame construction and the lower portion of the building is reinforced concrete. It contains ±88,166 square feet with a full basement. Located at the heart of City Center, it is a short walk to the 12th Street BART station and the upper floors have views of the bay, estuary, and hills. The property is being sold on an "as is, where is" basis. Any sale is subject to Court approval. Seller/Client is a court appointed Receiver, case #R615778891. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. 409 13TH STREET, OAKLAND 3 BUILDING INFORMATION Address 409 13th Street, Oakland, California Parcel Number 002-0051-002 and 002-0051-003 Building Square Footage ±88,166 Stories 20 Floor Sizes ±1,676, ±3,553 and ±9,626 Zoning CBD-P Year Built 1922 Remodeled in 1946 and 1999 On-Site Parking 12 Stalls Parcel Acres 0.34 Sprinklers Yes Structural The tower is a steel frame construction. The lower level structure is reinforced concrete. Elevators There are three (3) elevators with two (2) servicing floors 1-20 and one (1) elevator for floors 1-6. Mechanical There is a central cooling tower and heat pump system. Security There is card key access to building and elevators and a security guard in the lobby. The property is being sold on an "as is, where is" basis. Any sale is subject to Court approval. Seller/Client is a court appointed Receiver, case #R615778891. 4 COLLIERS INTERNATIONAL Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. 409 13TH STREET, OAKLAND 5 STRATEGIC LOCATIONS The Tribune Tower sits in the heart of Oakland’s City Center, on the edge of its famous Chinatown and a short walk to charming Old Oakland. If one is looking for more amenities they can hop the free shuttle for a few blocks to Jack London Square or Uptown. Its clock tower is synonymous with Oakland’s downtown skyline as is the neon lit Tribune sign. Bart is less than a block away and there are plenty of parking garages in the area. The property is being sold on an "as is, where is" basis. Any sale is subject to Court approval. Seller/Client is a court appointed Receiver, case #R615778891. 6 COLLIERS INTERNATIONAL Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. STABLE MARKET The Oakland CBD office market is comprised of approximately 15 million square feet and the Jack London Square area adds an additional 2 million square feet. First quarter vacancy numbers continue the trend of historically low vacancy rates at 3.5% overall for the CBD. Asking rental rates have risen substantially because of increased demand and decreased supply. There has been a steady migration to Oakland from San Francisco from a diverse profile of tenants with technology and non profits only accounting for 25%. > Rental rates in the Oakland CBD office market average $3.43 (FS). > Class A office market rents are in excess of $4.00 (FS) > Available inventory is 566,447 square feet and an additional 24,972 square feet of sublease space. > The current vacancy rate for Oakland CBD is 3.1% and Jack London Square is 6.1%. > City Center has a great mix of office, retail, housing and lifestyle destinations bringing together new residential and commercial tenants from diverse socio-economic background. The property is being sold on an "as is, where is" basis. Any sale is subject to Court approval. Seller/Client is a court appointed Receiver, case #R615778891. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Copyright © 2016 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. 409 13TH STREET, OAKLAND 7 Accelerating success. Exclusively Offered by: AILEEN DOLBY Senior Vice President COLLIERS INTERNATIONAL +1 510 433 5815 1999 HARRISON STREET, SUITE 1750 [email protected] OAKLAND, CA 94610 CA License No. 00949630 www.colliers.com/oakland.
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