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Former Oakland Raiders HQ in Alameda goes to auction
Alameda County and Oakland to sell offices and training facility to highest bidder
A former Oakland Raiders headquarters and training facility in Alameda has hit the auction block for a minimum $35.8 million.
The Alameda County Board of Supervisors voted to auction off the 100,600-square-foot headquarters and 18,400-square-foot training facility at 1150-1220 Harbor Bay Parkway, the San Francisco Business Times reported.
Bids are due by June 30. The county will funnel the proceeds into a surplus property development trust.
The nearly 11-acre East Bay property, used by the Raiders until they left for Las Vegas in early 2020, is jointly owned by the county and the city of Oakland. It has been used by a local soccer club.
The county, according to state surplus land law, first offered the property to affordable housing developers early last year.
The old training grounds could be poised for a life science makeover.
The land, zoned for commercial manufacturing, sits across the street from the Harbor Bay Business Park, a life science hub for drug discovery firm Exelixis and medical device manufacturer Penumbra.
In March, Stockbridge Capital paid $158.9 million for the life science building leased to Exelixis on Harbor Bay Parkway in an all-cash deal.
A chunk of waterfront property in Alameda entitled for a 172-room Marriott inn is now being billed as a site for life science facility development.
In April, WS Management listed a nearly 6-acre waterfront lot on Harbor Bay Parkway, which it billed for life science use.
Vacancy for life science labs and offices around the Oakland market, which includes Emeryville and Alameda, was 5.7 percent at the end of the third quarter. Total availability, which includes sublease space, was 9.7 percent, according to the Business Times.
The county chose DCG Strategies, based in Dublin, to market the property through October 2023. DCG will get a 5 percent commission of the selling price when a deal closes.
The prospective buyer will be required to make a deposit of $350,000 to the county by July 5.
— Dana Bartholomew