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300 Frank H. Ogawa Plaza Oa...

Rubicon Point Partners Extends Lease For 10,000 SF At Oakland's Rotunda Building
LEASEDOffice

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

Andy Schmitt

Broker

1 deal

Broker
RP
Rubicon Point PartnersLandlord

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