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555 12th Street

Robert Harkins Of Cherian Harkins Dunham Leases 4,000 SF Office In Oakland From Principal Financial Group
LEASEDOffice

Robert Harkins Of Cherian Harkins Dunham Leases 4,000 SF Office In Oakland From Principal Financial Group

555 12th Street

Building Size

4,000 SF

Asset Type

Office

Closing

Apr 8, 2026

AI

The office asset involved in the transaction is located at 555 12th Street in Oakland, covering approximately 4,000 square feet. The lease was executed in the recovering office market, providing strategic advantages for the tenant.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 555 12th Street
  • Market: Oakland
  • Landlord: Principal Financial Group
  • Tenant: Robert Harkins - Cherian Harkins Dunham

Cherian Harkins Dunham's decision to relocate from Berkeley to downtown Oakland positions the litigation firm closer to the federal courthouse and key clients, reflecting an expansion of their presence in the Bay Area.

Players

PG
Principal Financial GroupLandlord

Robert Harkins

Cherian Harkins Dunham

Tenant

1 deal

Tenant

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