ALAMEDA COMMERCIAL BUILDING FOR SALE

Investment Summary

This property is a two-story commercial building with space for two tenants. The current tenant on the first floor is American Oak, which is an Award Winning American Cuisine restaurant since 2009, with a large bar, indoor and outdoor seating and a mezzanine level. The restaurant space dazzles and occupies approximately 3,066 square feet at street level, plus a 1,520 square foot mezzanine level, and a 3,063 square foot basement. The ground floor space boast 12' - 18' ceilings. Recently, the City of Alameda has allowed outdoor parklets in parking spaces throughout the city's business districts. There is a recently completed parklet directly in front of the property built by the restaurant for the restaurant's use. The City is contemplating making these parklets permanent. No decision has been made on that yet. The second floor of the property is a very expansive open floor plan with multiple private rooms, restrooms, a kitchen area, high ceilings with skylights, and large windows. The mixture of skylights and large windows provides this level with an incredible amount of natural light. The second floor entryway and second floor measures approximately 3,775 square feet. There is no elevator access to this level. The ingress and egress is a stairway located next to the restaurant entrance on Santa Clara Avenue. Previous tenants include an upscale tattoo parlor and most recently an upscale art gallery and party/gathering meeting space. The entire building is listed at 7,480 sf on a parcel of 3,917 sf according to Public Records.

PARK STREET BUSINESS DISTRICT

This property is located in the heart of the Park Street Business District. This vibrant commercial area offers 375,000 square feet of restaurants and retail stores. Park Street is also a direct link to the 600,000 square foot South Shore Shopping Center. Park Street is the heart of the major downtown shopping district for the City of Alameda.

CITY OF ALAMEDA

The City of Alameda is made up of four islands and is located directly in the San Francisco Bay adjacent to the City of Oakland and directly across the Bay from San Francisco. Alameda is considered the geographic center of the SF Bay Area. It is only 12 miles west to downtown San Francisco, 38 miles south to San Jose, and 85 miles east to Sacramento. Alameda has two ferry systems, AC Transit and BART Shuttle Services. The Oakland International Airport and Small Plane North Field are located adjacent to Alameda. Alameda has a population of approximately 75,000 people within 23 square miles and there are approximately 30,000 households. The City is known for its expansive and beautiful Victorian homes, marinas, shoreline parks, bicycle paths, great schools and a safe living environment with a small hometown feel. There are two major business parks with Marina Village located on the northwest side of the City and the Harbor Bay Business Park located in the southeast out on Bay Farm Island. The business parks (roughly 3.4 million square feet) are home to many large high tech firms, pharmaceutical firms and other national companies. These business park businesses provide a very large daily population of employees. Along with the business parks, the former Alameda Naval Air Station is being transformed into a new residential and commercial area. Alameda is home to the College of Alameda with over 2,400 full time students. The Alameda Unified School District has 2 public high schools, 2 middle schools and 10 elementary schools. There is also a private parochial school on the island that has elementary to senior high school students. There are 2 street retail shopping districts along with a regional shopping mall and 4 large shopping centers that service the City. One of the islands within the City limits is Coast Guard Island that houses a Coast Guard Command Center.