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Chris Freise Of REDCO Development Acquires Former Raiders Headquarters In Alameda For $24M

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SOLD
$24,000,000

California

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Office
Sold 06/26/2025
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Property Image
SOLD

Chris Freise Of REDCO Development Acquires Former Raiders Headquarters In Alameda For $24M

1150 Harbor Bay Parkway & 1220 Harbor Bay Parkway

See Similar Deals
Office
Sold 06/26/2025
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Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Sale

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.

Players

Chris Freise
Chris Freise
5 deals$136.1M volume
BUYER

Details

SOLD
IMAGE: Chris Freise DATE: 06/26/2025 ADDRESS: 1150 & 1220 Harbor Bay Parkway MARKET: Alameda ASSET TYPE: Office ~ ACRES: 16.92 BUYER: Chris Freise - REDCO Development SELLER: City of Oakland & Alameda County SALE PRICE: $24,000,000 NOTE: Redco Development acquired the former Raiders headquarters in Alameda for $24 million and signed a 15-year lease with the Oakland Roots and Soul soccer clubs, securing them a long-term training facility. The deal nets Oakland and Alameda County over $11 million each and enables the teams to invest in major facility upgrades while remaining anchored in the East Bay.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
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