Auction for former Raiders headquarters postponed
Alameda County Board of Supervisors to decide next steps for 65 potential bidders
Prospective buyers will have to wait a while longer to make bids on the former Raiders headquarters and training facility in Alameda. The auction for the property on Harbor Bay Parkway has been postponed, according to Kimberly Gasaway from Alameda County.
The auction was set to kick off on July 5. However, the County Board of Supervisors will convene at a conference today to discuss the matter. A live oral auction was scheduled to take place on July 10. In the previously planned auction, bidders were required to come in at 5 percent above the previous bid.
Registration closed on July 1, and at the time 65 bidders had downloaded Alameda County’s bid packet. The city and county jointly own the two buildings on a combined 17 acres in Alameda near the Oakland Airport that are up for sale.
The former headquarters at 1220 Harbor Bay Parkway has a 100,607-square-foot two-story office building and a gated rear parking lot with electric vehicle charging stations and a loading dock on 5.45 acres. The former training facility at 1150 Harbor Bay Parkway sits on more than 11 acres but has less than 20,000 square feet of interior space, as an “expansive field” takes up much of that parcel, according to marketing materials for the sale.
The website for the auction states that the starting bid for the facilities is $35.8 million and Oakland officials have indicated that life science developers are interested in either redeveloping the structures or developing a new life science campus from the ground up. The property is zoned for commercial manufacturing and is located near the Harbor Bay Business Park, which has several life science tenants.
The life science sector has been one of the few bright spots in an otherwise stagnant local office market, although demand has started to slow down recently. Office and R&D demand in Oakland has shown particular resilience in recent months.