Oakstop Acquires 25,000 SF Mixed-Use Building On Broadway In Oakland For $8M

Oakstop, a prominent flexible space provider in the San Francisco Bay Area, has acquired its original 25,000 square foot building located at 1721 Broadway, Oakland, for $8 million. The mixed-use property was sold at a price of $320 per square foot, reflecting the strong market demand in the area.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,000,000
• Property Address: 1721 Broadway, Oakland
• Market: Oakland
• Square Footage: 25,000
• Price per Square Foot: $320

In this acquisition, Oakstop partnered with the Community Arts Stabilization Trust (CAST) to advance their mission of promoting social impact and economic mobility through commercial real estate. Their goal is to implement a collective ownership model for Oakstop's employees and workforce development participants, with a specific focus on supporting Black artists in Oakland.