Prime Owner/User Opportunity

1501 Harbor Bay Parkway Alameda, CA 94502

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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$3,980,000
Last Verified:
Mar 21, 2017


The 31,137+/- SF building is located on Bay Farm Island and has a sought-after Alameda address.

The property was built out for its previous school tenant and could easily accommodate such a use for the new owner. The building consists of two floors about +/-16,000SF each and includes classroom and conference settings, as well as laboratories for bio use and a "clean room" for computer networking.

Priced below replacement cost at $128.00/sf, this excellent investor opportunity is considerably below comparable properties within a range from $135.00/sf to $203.00/sf.

Alameda County is the 7th most populous county in California, with over 1.5 MM residents (2010 census). It is an island in the San Francisco Bay sitting south, west and adjacent to Oakland and across the bay eastward from San Francisco

The property is conveniently located next to Oakland International Airport and the cities of Oakland and San Francisco with their convenient ports to accommodate shipments to the Pacific Rim.

Several neighboring properties are well-known corporate and regional headquarters such as; Kaiser Permanente Garfield Center, Frito-Lay Distribution Center, Abbott Laboratories and the Oakland Raiders football team headquarters and practice facility.


Delivering all the benefits of the Bay Area without any of the inconveniences of a major metropolitan, the county of Alameda offers incredible local business incentives.

Sister cities; Jiang Yin City, People's Republic of China and Dumagente Negros Oriental, Philippines.
+/- 31,137 sq. ft Building in a Great Location

Potential Uses: Corporate Office, School or Technical/Vocational Campus

Located near many well-known Corporate and Regional Headquarters, as well as Strong Commercial and Residential Markets

Close Proximity to Oakland and San Francisco Airports and Shipping Ports
Building Size: 31137.0sq ft
Building Class: B
Lot Size: 2.34 acres

Map of 1501 Harbor Bay Parkway, Alameda, CA, 94502

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.