Marcus & Millichap Arranges Sale of Starbucks-Occupied Property in Oakland


Starbucks Coffee occupies the 1,600-square-foot retail property at 470 Lake Park Ave. in Oakland, Calif.

OAKLAND, CALIF. — Marcus & Millichap has brokered the sale of a retail building located at 470 Lake Park Ave. in Oakland. A limited liability company sold the asset to an undisclosed buyer for $3.5 million.

Starbucks Coffee net leases the 1,600-square-foot property, which was built in 1968. Chris Lind and Mark Ruble of Marcus & Millichap’s Phoenix office represented the seller in the deal. David Nelson of Marcus & Millichap’s Oakland office was broker of record for the transaction.

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