The American Bag Building
299 3rd Street, Oakland
Leasable Building Square Feet: 13,729sf
1st Floor – 4,529sf
2nd Floor – 4,562sf
3rd Floor – 4,638sf
Basement Square Feet: 4,214sf
Lot Square Feet: 10,000sf
Gross Rent Multiplier: 11.68
Cap Rate: 5.2%
- Originally Built 1917 / Rebuilt 1994-1999
- 10 Gated Parking Spaces
- Zoning: C-45/S-4
- Recorded condo map - 3 APN's
- 600 amp electrical service
- National Register of Historic Places 1999
Designed by prominent architect Leonard Thomas (of Thomas Brothers Map fame) in 1917, this heavy brick and timber building is emblematic of early 20th century industrial buildings of that era. Thomas was at the forefront of mixing elements to beautify traditional utilitarian architecture with arched windows, patterned brick, & deep corbeled cornices. Used as The American Bag Company and Union Hide Co. from 1917 through the late 1980’s (known for making, mending and guaranteeing burlap bags), the building was purchased by the current owner and completely renovated 1994-1999 before joining the National Register of Historic Places.
The building consists of 3 stories currently demised into four separately metered offices with the second and third floors being single-tenant full floors. The first floor (street level) consists of two nattily finished commercial spaces each with custom built-out offices and private restrooms. One is occupied by a chiropractor and the other is vacant.
The second floor is a stunning single-tenant office space currently leased to a law firm. It has an open central area large enough for events and currently housing a billiard table and lounge. It is surrounded by glass enclosed offices, a kitchen and 2 half bathrooms. It oozes with character and style with great natural light.
The top level is set up as a live/work loft and was designed as the owner's residence. The interior spans the entire top floor of the building with freight elevator access directly into the unit. Features include open living spaces, high ceilings, timber beams, skylights, wood flooring, & custom lighting. These dramatic elements are balanced with a modern kitchen that includes stainless cabinets, concrete countertops, oversized pantry, convection oven, gas range, warming drawer and double dishwashers. There is a spacious primary bedroom suite with a massive walk-in closet & dressing area. Two additional bedrooms, a bathroom with a red claw foot tub, a family/media room, bonus room for office or home gym, laundry, storage and powder rooms complete the third floor.
There is a full height basement accessed by stairs and the freight elevator that houses mechanical systems and has ample storage areas.
The American Bag Building is centrally located in the hub of Jack London Square’s Waterfront Warehouse District. It is just a few blocks from Yoshi’s, Blue Bottle Coffee, The Fat Lady, Rosenblum Cellars, Chop Bar, California Kayak, Plank, Forge Pizzeria and numerous other restaurants and entertainment venues. It is only minutes to the Lake Merritt BART station and a few blocks to the Oakland Ferry Terminal, each providing quick access to San Francisco. It is less than a mile from Howard Terminal, the proposed site for the new Oakland A’s ballpark.