Updated Jun 27, 2025
Chris Freise Of REDCO Development Acquires Former Raiders Headquarters In Alameda For $24M
1150 Harbor Bay Parkway & 1220 Harbor Bay Parkway
$24,000,000
Building Size
—
Asset Type
Office
Closing
Jun 26, 2025
About this deal
AI
The property asset involved in the transaction is located at 1150 & 1220 Harbor Bay Parkway in Alameda. The sale price for this office asset was $24,000,000, and it encompasses a total of 16.92 acres.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000
- Buyer: Chris Freise - REDCO Development
- Seller: City of Oakland & Alameda County
Chris Freise represents REDCO Development in this acquisition, which includes a 15-year lease agreement with the Oakland Roots and Soul soccer clubs. The transaction enables the teams to invest in significant facility upgrades while maintaining their presence in the East Bay.
On the Map
$24,000,000
Office
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Players
Alameda Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93