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Frontline Realty Capital Purchases 1440 Broadway Office Tower In Oakland From BrightSpire Capital For $5.5M

Property Image
SOLD
$5,500,000

California

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Office91,000 SF
Sold 01/30/2025
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Property Image
SOLD

Frontline Realty Capital Purchases 1440 Broadway Office Tower In Oakland From BrightSpire Capital For $5.5M

1440 Broadway

See Similar Deals
Office91,000 SF
Sold 01/30/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:91,000 SF
Transaction Type:Sale

The historic office tower located at 1440 Broadway in downtown Oakland has been sold for $5,500,000. The property encompasses 91,000 square feet, which was previously owned by BrightSpire Capital. The sale reflects a significant decrease from its 2018 value of $43.5 million, resulting in an 87% drop.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,500,000
  • Address: 1440 Broadway
  • Market: Oakland
  • Square Footage: 91,000
  • Price Per Square Foot: $60
  • Buyer: Robb Mann & Christian Diggs - Frontline Realty Capital
  • Seller: Michael J. Mazzei - BrightSpire Capital
  • Lender: Archway Capital

This transaction marks Frontline Realty Capital's first acquisition in Oakland. Following the purchase, the company plans to reposition the building, supported by a $3 million loan from Archway Capital.

Players

Archway Capital
Archway Capital
LENDER

Details

SOLD
IMAGE: Robb Mann & Michael J. Mazzei DATE: 01/30/2025 ADDRESS: 1440 Broadway MARKET: Oakland ASSET TYPE: Office BUYER: Robb Mann & Christian Diggs - Frontline Realty Capital SELLER: Michael J. Mazzei - BrightSpire Capital LENDER: Archway Capital (@ArchwayCapital) SALE PRICE: $5,500,000 SF: 91,000 ~ PPSF: $60 NOTE: Frontline Realty Capital bought the historic 1440 Broadway office tower in downtown Oakland for $5.5M, an 87% drop from its 2018 value of $43.5M. The 91,000-sq.-ft. building, previously owned by BrightSpire Capital, will be repositioned as Frontline’s first Oakland acquisition, backed by a $3M loan from Archway Capital.

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