Airport Oakland International Airport
Total Cargo (millions of U.S. tons) 0.65
Seaport Port of Oakland
TEU Volume - 2017 (millions) 2.14
Major Highways I-680, I-880, I-580, I-80, I-505
Number of Intermodal Rail Hubs 1
Number of Class I Rail Lines 2
What is the term of a typical lease? 5-10 years
How is the rent quoted? NNN monthly
What is the tenant's option for termination or break? Typically, the tenant does not have the right to terminate the lease without penalty.
Does the tenant have the option to renew? What is the length of the typical option? Yes, 3 to 5 years
How is the rent determined at renewal? Fair market value. Negotiate 12 months in advance.
What is the typical rent-free period, if any? 1 month on a 5-year lease; 3 months on a 10-year lease
What is the terminology of the purchase agreement? Purchase & Sale Agreement
What is the average cost? Warehouse: $200 -$225 per sq. ft.
Manufacturing: $225 -$250 per sq. ft.
What is the agency fee and who pays? 3% per $8 million. 5% under.
What is the typical LTV? 80%
What is the average borrowing rate? 4%
What is the mode of payment? At close of escrow
What are the average transaction (closing) costs? 1%
What is the average clear ceiling height? 25' -28'
Average number of dock doors? 3 / 12,000 sq. ft.
Typical column spacing? 45' x 50'
Average parking ratio? 1.5 / 1,000 sq. ft.
Sprinkler system? 33 to ESFR
What is the typical power supply? 400 -1000 amps