Kaiser Permanente has sold a 21-story office tower and an adjoining five-story parking garage in downtown Oakland for a bargain basement price to San Ramon-based Behring Companies.

The aging 446,000-square-foot tower at 1950 Franklin St. traded for $14.35 million, which translates into about $32 per square foot. The building, which Kaiser had owned since 2002, has been mostly vacant since the beginning of the pandemic. Kaiser, which last month finalized the sale of its office property at 2000 Broadway in Oakland to BART for $26.5 million, said in a statement that the offloading of the Franklin Street properties does not mean that the healthcare giant is abandoning the city, the San Francisco Business Times reported.

"Oakland has always been an integral part of Kaiser Permanente's identity and history—and it remains an important part of our future," the company said. "Our national headquarters will remain in Oakland's Ordway building at 1 Kaiser Plaza, its home for more than 50 years. The move does not affect our Oakland Medical Center or any care delivery."