Bridgestone Firestone | Rare Downtown Location
Oakland, CA
Price: $2,484,000Cap Rate: Building SF: 7,150 SFLot Size: 7,177 SFYear Built: 1920 / Ren 1982Status:

Investment Highlights: 

Corporate Lease – S&P “A” Credit Rating – World’s Largest Manufacturer – The subject property is leased to Bridgestone Retail Operations LLC, a subsidiary of Bridgestone Americas, Inc. (S&P A). Bridgestone is the world’s largest tire and rubber manufacturer delivering a wide range of innovative, premium products to over 150 nations and territories around the world.

33-Year Successful Operating History – Early Lease Renewal – Tenant Committed to Site  – The tenant has continually operated successfully at this location since 1984 and showed a continued commitment to this location by signing an early 5-year lease renewal in March 2017.

Rare Downtown Oakland Location – Located within Oakland’s “Auto Row” Just Steps From Customer Base  – The subject property is located within Downtown Oakland’s “Auto Row”,, a strip of commercially-zoned land along Broadway between Grand Ave and 40th Street, with numerous auto dealerships including Audi of Oakland, Honda of Oakland, Oakland Acura, Volkswagen of Oakland, Oakland Benz, and more, as well as various auto service/stores such as smog testing stations, auto detailing businesses, and car rental companies. The immediate commercial area brings in over $3 million in tax revenues annually, making it an essential part of Oakland’s economic base.

Dense Infill Location – Excellent Traffic Counts & Demographics – The subject property is ideally located on Broadway at the intersection of 29th St, offering outstanding visibility to combined traffic counts of 25,000 cars per day. The dense infill location has over 275,000 people within a 3 mile radius of the site, with an average household income over $97,000.

Broadway One of the Busiest Commerce Corridors in Oakland – Main Transportation Artery – Originally developed as Oakland’s first street leading from Jack London Square waterfront, Broadway remains one of Oakland’s busiest streets, carrying large quantities of peak period commuters, bus lines, pedestrians, and bicyclists. The AC 51A line is one of the system’s busiest, carrying a large volume of passengers to/from the Rockridge district and other neighborhoods of Oakland to Downtown.

Oakland the 8th Largest City in California – Outstanding Transportation/Shipping Hub – Home to Major Corporations & Technology Companies  – Located just 8 miles east of San Francisco, Oakland is the 8th largest city in California. Its shipping port is the fifth busiest in the United States by cargo volume, supporting 200,000+ jobs and services. The city is home to major corporations and tech companies such as Kaiser Permanente, Pandora, Ask.com, Dreyers Ice Cream, and Cost Plus World Market.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977