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553 27th StOakland, CA 94612
553 27th St Oakland
Asset ClassLand
overview of deal

Overview

Jones Lang LaSalle Brokerage, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 553 27th Street, a ±1.79 acre transit-oriented development site located in Oakland’s urban core at the intersection of 27th Street and Telegraph Avenue.

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Investment Highlights

  • Existing 490-stall parking structure with potential for re-use
  • Favorable Oakland zoning for residential or mixed-use development
  • Ministerial approval path for affordable housing projects thanks to Oakland’s S-13 overlay zone
  • Rare large site at 1.79 acres offers ability for efficient development
  • Bay Area economy flush with influx of capital from AI investment
  • Oakland residential market seeing consistent improvements
  • Potential to assemble with entitled 225-unit residential development site at 2600 Telegraph for development efficiencies and construction cost savings
553 27th StOakland, CA 94612

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