Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 29, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil


La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.

La Peralta offered a rare opportunity to acquire a historically significant asset in the midst of Oakland’s developmental resurgence. Situated near major employers such as Kaiser Permanente & the Clorox Company, as well as within walking distance to two BART stations, makes this a highly desirable location for tenants.

La Peralta features a large atrium entrance flooding the lobby with natural light, where there are two elevators to access the units. Presently, approximately 40% of the units have been renovated with freshly painted interiors, new cabinetry, granite countertops, laminate wood flooring, and modern appliances creating a comfortable environment with opportunities for more improvements.

Kent Mitchell, Tim Warren, Alex Lin and Randell Silva of The Mitchell Warren Team at NAI NorCal represented both parties in the transaction.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media