185 Oakland

Location: Oakland, CA
Type: Industrial
Price: $ 4,500,000

SMC’s $4,500,000 first mortgage loan refinanced existing debt of $3,900,000. 185 Oakland is a 32,987 square foot, 3-story office and industrial building. The property is 100% occupied by four tenants. One tenant, Belfor USA Group, Inc. occupies 67.8% of the building’s total net rentable area through 2020 and utilizes the property as its corporate headquarters. The sponsor has owned and operated the Property for over 10 years.