The mixed-use property purchased is located at 1515 Webster Street in Oakland. The transaction was valued at $22,500,000. Envision Academy of Arts & Technology, a longstanding tenant, will continue to occupy the lower floors of the historic YWCA building. The top two floors, previously leased by a now-bankrupt co-living startup, will be converted into teacher housing by the academy.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $22,500,000
• Buyer: Envision Academy of Arts & Technology
• Seller: Doug Abrams - Highbridge Equity Partners
• Brokers: Benjamin Harrison & William Cliff - Colliers

Benjamin Harrison and William Cliff represented the seller, Doug Abrams of Highbridge Equity Partners, in this transaction. This deal highlights the ongoing relationship between Envision Academy of Arts & Technology and the property, as the institution plans to adapt the building to meet its needs moving forward.