The Landing

Oakland, Ca

Address:   303 & 333 Hegenberger Road

Year Built:   1970 & 1974

Building SF:   198,133 SF

Acquisition Date:   October 31, 2019

Projected Hold Period:   4 Years


Off-market acquisition of two-building office project at a major discount to prior purchase price and replacement cost that was 82% leased at acquisition.
  • Acquisition of a recently renovated 2 building office complex with significant embedded upside from below market leases.
  • Over 65% of the GLA had rental rates that were approximately 40% below current market rates at acquisition
  • Capital improvements that upgraded building lobbies, lighting, common corridors, restrooms, exterior paint, elevator modernization, new roof and building signage.
  • Desirable Oakland, CA location easily accessible form Oakland International Airport and Interstate 880.

Overview - Projected Project Level Returns


Projected IRR


Equity Multiple

4 Years

Hold Period