Plaza 360 - Oakland, CA

DESCRIPTION & STRATEGY:

Plaza 360 is an eight-story multi-tenant office building with ground floor retail located in the highly desirable Lake Merritt submarket of downtown Oakland. The central location offers access to public transportation and amenities.

The property was 50% leased at acquisition. All common areas and tenant suites have been renovated. The exterior and interior common areas have undergone a $2.5M renovation in 2008 to reposition the building as a high quality Class B building.

This mismanaged and undercapitalized asset was acquired with an institutional equity partner. Sold in July 2015.

ADDRESS:

360 22nd St,
Oakland, CA

PROPERTY TYPE:

Commercial

SIZE:

115,941 square feet

SELL DATE:

7/1/15