Location Description
This 5-unit condominium property, leased to Bank of the Orient, is prominently positioned at the junction of 9th Street and Franklin Street (6,344 VPD), and less than a quarter mile from the I-880 arterial (195,000 VPD). It is located within Pacific Renaissance Plaza, a high-end mixed-use development encompassing one and a half city blocks, featuring 250 residential condominium units, 68 prime...
This 5-unit condominium property, leased to Bank of the Orient, is prominently positioned at the junction of 9th Street and Franklin Street (6,344 VPD), and less than a quarter mile from the I-880 arterial (195,000 VPD). It is located within Pacific Renaissance Plaza, a high-end mixed-use development encompassing one and a half city blocks, featuring 250 residential condominium units, 68 prime retail and office/medical units, the Oakland Public Library, Oakland’s Cultural Center, and rare onsite underground parking with 590 stalls. The property benefits from excellent access approximately 3 blocks from the 12th Street/Oakland BART Station, the 2nd -busiest BART station in the East Bay with more than 4,900 daily riders. It further benefits from robust demographics with a total daytime population of 537,598, average household income of $153,631, and average home value of $1.24 million within a 5-mile radius. Oakland is the most populous city and the county seat of Alameda County, California. A major West Coast port, it is the largest city in the East Bay region of the San Francisco Bay Area, the third-largest city overall in the Bay Area, and the eighth-most populated city in California. With a population of 440,646 in 2020, it serves as the Bay Area's trade center and economic engine.
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