The Telegraph Retail Condos are comprised of 3 Commercial Condominiums totaling 3,370 sq.ft. The property is 100% occupied, one tenant occupies 2 Units, the other unit has a Lease pending to a Mobile Cannabis Dispensary. The Dispensary space is currently occupied by a Real Estate office and includes 2 Private Offices, 1 Conference Room, ADA Bathroom and partial Kitchen. The property is located in the prime Uptown/Kono Neighborhood, close to several new housing developments, restaurants, bars, BART, and Highways 980, 24, 580 & 880. The site boasts a 97 Walk score, 77 Transit Score, and a 96 Bike score and is properly Zoned for Cannabis operations. The lease in place and the lease that’s pending generates 6.2% Capitalization Rate which is stellar in today’s current market, especially for Downtown Oakland.
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