2321 FILBERT STREET
OAKLAND, CA 94607

PRICE: $4,650,000

 

Fully Built Commercial Kitchen​

​

2321 Filbert Street represents a rare investment opportunity: a fully improved, turnkey chef’s kitchen and catering production facility in the heart of Oakland. Leased to Always Fishing Inc., a seasoned operator with a strong foothold in the culinary and catering sector, the property offers stable cash flow, a high replacement-cost build-out, and long-term market relevance.

Strategically positioned at the most prominent intersection in Anaheim, the property spans 4,840 SF of rentable space on an expansive 38,370 SF lot just off the 57 Freeway. Backed by a $10,000,000+ capital investment by the operator, the car wash is scheduled to commence operations by August 1st, 2025, bringing best-in-class infrastructure to a high-traffic, high-visibility location.

 

The existing lease provides an attractive 7.57% year 1 cap rate, with scheduled rent increases elevating the return to 7.70% in 2026. Averaged across the remaining term, investors benefit from a blended return of ~8.05%—a yield rarely available in today’s Bay Area market for stabilized assets. This means that buyers get not just steady income now, but also increasing returns in the near future, making this a safe and predictable investment

​​​

​

Note: Buyers are advised to independently verify all information, measurements, and permitted uses with the City of Oakland.