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Temescal North Oakland Oaklan D , Ca Prime Development Opportunity 5426- 5440 TELEGRAPH AVE TEMESCAL NORTH OAKLAND OAKLAN D , CA PRIME DEVELOPMENT OPPORTUNITY Offering Memorandum Presented By STARBOARD TCN WORLDWIDE Investment Advisory Grou p 33 New Montgomery Street, Suite 1490 San Francisco, CA 94105 5426- 5440 TELEGRAPH AVE DISCLAIMER OAKLAN D , CA This Offering Memorandum has been prepared to provide summary, unverified information to prospective buyers, 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. Starboard TCN Worldwide has not made any investigation, and makes no warranty or representation, with respect to income or expenses for the subject property, future projected financial performance of property, size and square footage of property and improvements, presence or absence of contaminating substances, PCB's or asbestos, compliance with State and Federal regulations, condition of improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Starboard TCN Worldwide has not verified, and will not verify, any of the information contained herein, nor has Starboard TCN Worldwide conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. All potential buyers must take appropriate measures to verify all of the information set forth herein. FOR MORE INFORMATION PLEASE CONTACT: SUSAN JORDAN PRISCILLA WILDER Broker Associate Associate Agent Phone 415-595-1554 Phone 510-367-5355 Fax 415-520-5943 Fax 415-956-2003 [email protected] [email protected] CA BRE License: 01408046 CA BRE#01903660 Starboard TCN Worldwide 33 New Montgomery Street, 1490 San Francisco, CA 94105 5426- 5440 TELEGRAPH AVE TABLE OF CONTENTS OAKLAN D , CA AREA MAP 1 OFFERING SUMMARY 2 Tip Top Bike Shop INVESTMENT HIGHLIGHTS 3 PROPERTY OVERVIEW 4 ASSESSOR’S MAP 5 FINANCIAL OVERVIEW 6-7 DOWNTOWN OAKLAND SOUTH AERIAL MAP 8 BERKELEY NORTH AERIAL MAP 9 TEMESCAL NEIGHBORHOOD 10 LOCAL TRANSPORTATION 11 Artisans & Merchant Center NEARBY MERCHANTS 12 TEMESCAL DEVELOPMENTS 13 SALES COMPARABLES & MARKET LISTINGS 14-15 DEMOGRAPHICS 16-21 PROPOSAL GUIDELINES & CONTACTS 22 Aunt Mary’s Café, 5426- 5440 TELEGRAPH AVE AREA MAP OAKLAN D , CA SAUSALITO BELVEDERE SAN FRANCISCO TIBURON ANGEL ISLAND 80 YERBA BUENA ISLAND TREASURE ISLAND 80 880 OAKLAND 80 580 WEST OAKLAND EMERYVILLE DOWNTOWN OAKLAND ALAMEDA 880 980 BERKELEY 580 UPTOWN OAKLAND DOWNTOWN BERKELEY SUBJECT PROPERTY Shattuck Ave LAKE MERRITT TEMESCAL ROCKRIDGE 880 UC BERKELEY College Ave 24 580 PIEDMONT The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 1 5426- 5440 TELEGRAPH AVE OFFERING SUMMARY OAKLAN D , CA Starboard TCN Worldwide as exclusive Agent, is pleased to offer for sale 5426-5440 Telegraph Avenue. The property is comprised of three adjacent parcels for a total of 18,500 square feet (SF) located along Telegraph Avenue in North Oakland’s hip and vibrant Temescal Neighborhood and bordering nearby Rockridge Neighborhoods. The property offers an exceptional opportunity for developers, owner/users or investors. The zoning is CC-2 (Commercial Community) and allows for a wide variety of commercial opportunities to serve local neighborhood needs, as well as other nearby communities. Existing property improvements include a large parking lot, Farmer’s Market running through all three parcels; a two story four unit residential apartment building; and a commercial/restaurant building occupied by the owner’s business, Casper’s Hot Dogs. Public Library Bake Sale Betty’s The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 2 5426- 5440 TELEGRAPH AVE INVESTMENT HIGHLIGHTS OAKLAN D , CA Convenient Location: Located on the corner of Demand for Market Rate Housing: Prospering Telegraph Avenue and 55th Street, in vibrant Temescal is in need of more housing. Rental rates Temescal and 2 miles from UC Berkeley and are increasing dramatically. Several new Downtown Oakland. development projects are already entitled and in the pipeline. These developments will continue to encourage future growth for the neighborhood. Prime Redevelopment Site: Mixed-use developments with residential and office uses above retail businesses, are encouraged by Oakland Planning Department. Height limit, 60 feet (5 stories), street frontage 168 feet along Telegraph Ave and 110 feet along 55th St. Temescal Alley Nearby Amenities: Temescal is known for its diverse community, art galleries and phenomenal culinary scene. The site is walking distance to many shops, art galleries and numerous restaurants along Telegraph Avenue and nearby Rockridge. 55th St & Telegraph Ave Excellent Transportation: Easy access to Highway 24. Excellent public transportation along Telegraph Avenue and Shattuck Avenue via AC Transit lines 1, 1R, 18, 12, 800 AC Transit (Night). Walking distance to Rockridge and Macarthur BART stations. The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 3 5426- 5440 TELEGRAPH AVE PROPERTY OVERVIEW OAKLAN D , CA Location 5426 – 5440 Telegraph Ave Assessor Parcel Numbers/ 14-1225-24 (7,500 SF) Lot Area Square Feet (SF) 14-1225-25 (4,400 SF) 14-1225-01 (6,600 SF) Total Lot Area +/- 18,500 SF Zoning CC2 – Community Commercial Height Limit 60 Ft (permitted) 5440 Stories 5 (permitted) 14-1225-01 Frontage 160 Feet along Telegraph Ave 110 along 55th St 5432 Building - Commercial Restaurant 5440 Telegraph Ave 14-1225-25 SF 1,235 Unit(s) 1 Stories 1 5426 Built 1965 14-1225-24 Building - Residential Quadruplex 5426 Telegraph Ave SF 3,352 Unit(s) 4 Stories 2 Built 1952 Price Best offer Call for offers To be announced. The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 4 5426- 5440 TELEGRAPH AVE ASSESSOR’S MAP OAKLAN D , CA The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 5 5426- 5440 TELEGRAPH AVE DOWNTOWN OAKLAND SOUTH OAKLAN D , CA Downtown Oakland 5526 – 5540 Telegraph The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 6 5426- 5440 TELEGRAPH AVE BERKELEY NORTH OAKLAN D , CA Downtown Berkeley UC Berkeley 5526–5540 Telegraph The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 7 5426- 5440 TELEGRAPH AVE TEMESCAL NEIGHBORHOOD OAKLAN D , CA Temescal is Oakland’s hottest neighborhood. It has come a long way from its days of being one of the world’s largest canneries. Today it is home to over 200 businesses as well as a wide range of residents; college students, seniors, artists and working professionals. Locals have long enjoyed the great weather, vast culinary scene including many cafes, bakeries and restaurants featuring eclectic cuisine from Spain, Japan, Ethiopia, Korea, Burma, Italy and Mexico, to name a few. There is a strong sense of community here reflected in the very popular weekly Sunday Farmer’s Market, weekly summertime Temescal Street Cinema and annual Temescal Street Fair. Local Merchants Farmer’s Market TemescalTemescal Alley Alley Loft Housing The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 8 5426- 5440 TELEGRAPH AVE LOCAL TRANSPORTATION OAKLAN D , CA Temescal is a bike-friendly neighborhood, has a walk score of 90 and two BART (Bay Area Rapid Transit) 51st St Highway Access stations, MacArthur and Rockridge, within walking distance. The new AC Transit Rapid Bus Line takes residents to UC Berkeley and Downtown Oakland in less than 10 minutes. Easy access to highways 24, 980, 580 and BART’s new service to Oakland International Airport provides fast convenient travel amenities. Ease of transportation is crucial as many residents living in the Bike Friendly neighborhood commute to other cities throughout the Bay Area. Walk Score 90 MacArthur BART Station AC Transit Rapid Bus Lines The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 9 5426- 5440 TELEGRAPH AVE NEARBY MERCHANTS OAKLAN D , CA 5426-5440 Telegraph TEMESCAL EMERYVILLE The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 10 5426-
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