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Meridian Leases 23000 Square Feet To Center For Elders' Independence In Oakland Medical Office

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LEASED

California

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Medical Office23,000 SF
Leased 12/18/2024
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LEASED

Meridian Leases 23000 Square Feet To Center For Elders' Independence In Oakland Medical Office

3901 Broadway

See Similar Deals
Medical Office23,000 SF
Leased 12/18/2024
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:23,000 SF
Transaction Type:Lease

The transaction involves a medical office asset located at 3901 Broadway in Oakland, comprising a total space of 23,000 square feet. This property has been redeveloped into a medical office facility and is situated near major medical providers in the area.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not disclosed
  • Address: 3901 Broadway
  • Market: Oakland
  • Landlord: Mike Conn - Meridian
  • Tenant: Maria Zamora - Center for Elders’ Independence
  • Landlord's Representative: Sid Ewing - Colliers
  • Tenant's Representatives: Douglas Hubert & Steve Polito - Sabre Real Estate Group
  • Square Footage Leased: 23,000
  • Percentage of Building Occupied: 38%
  • Expected Tenant Occupancy: Spring 2025

The key individuals involved in the transaction include the landlord, Mike Conn, who represents Meridian, and the tenant, Maria Zamora, representing the Center for Elders’ Independence. The representation for the landlord was provided by Sid Ewing from Colliers, while the tenant was represented by Douglas Hubert and Steve Polito from Sabre Real Estate Group.

Players

Sid Ewing
1 deal(510) 433-5889
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Details

LEASED
IMAGE: Mike Conn, Maria Zamora & Sid Ewing DATE: 12/18/2024 ADDRESS: 3901 Broadway MARKET: Oakland ASSET TYPE: Medical Office ~ SF: 23,000 LANDLORD: Mike Conn - Meridian TENANT: Maria Zamora - Center for Elders’ Independence (@CenterforEldersIndependence) LANDLORD'S REP: Sid Ewing (@EwingSid) - Colliers (@ColliersInternational) TENANT'S REP: Douglas Hubert & Steve Polito - Sabre Real Estate Group (@Sabre_Advisors) NOTE: Meridian has leased 23,000 square feet at Broadway Medical Plaza in Oakland to the Center for Elders’ Independence, accounting for 38% of the building's space. The building, recently redeveloped into a medical office facility, is located near major medical providers and is expected to be ready for the tenant by spring 2025.

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Deal Type
Effective Rent (Annual)

$1,318,346.12

Total Lease Value

$13,183,461.21

Net Landlord Cash Flow$1,318,346.12