Rubicon Point Partners Extends Lease For 10,000 SF At Oakland's Rotunda Building
300 Frank H. Ogawa Plaza Oakland, California 94612, USA
Building Size
10,000 SF
Asset Type
Office
Closing
Jul 11, 2023
AI
The lease extension for 10,000 sq. ft. at Oakland's Rotunda Building has been arranged by CBRE on behalf of Rubicon Point Partners. The iconic office building, located at 300 Frank H. Ogawa Plaza, is currently undergoing renovations to enhance the tenant experience. Upgrades include the addition of a new fitness center and modernized amenities.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 10,000
- Address: 300 Frank H. Ogawa Plaza
- Market: Oakland
Representing the landlord, Rubicon Point Partners, the leasing team from CBRE includes Andy Schmitt, Trent Holsman, and Alex Robertson. Working on behalf of the tenants, East Bay Endoscopy Surgery Center and East Bay Center for Digestive Health, JLL's Michael Sharapata and GallawayCommercial's Russel Gallaway served as their representatives in the transaction.
Players
Oakland Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93