2000 Hearst Ave - Office FOR SALE


Berkeley, CA 94709- Downtown Berkeley
$5,200,000 USD
925-818-4267
2000 Hearst Ave, Berkeley, CA for Sale
$5,200,000 USD
Office - FOR SALE
1/21
null | Request Cap Rate

2000 Hearst Ave
Berkeley, CA 94709
Downtown Berkeley


HIGHLIGHTS

  • Medical-zoned second floor- therapy uses with 3/1000 parking & visitor stalls
  • Durable occupancy- 92% average occupancy since 2010; 94.7% leased today
  • Residential redevelopment play- by-right high density yield study underway
  • SiFive technology anchor- full 4th floor leased to SiFive
  • Meets UC seismic standard- not a soft-story building

OVERVIEW

Marcus & Millichap is pleased to present the exclusive investment opportunity at 2000 Hearst Avenue in Berkeley, California - a four-story, multi-tenant professional office building situated in one of the East Bay's most dynamic and supply-constrained submarkets. Gut renovated in 2008 with all new windows and building systems throughout, the property offers 10,406 rentable square feet across 16 suites, currently 94.7% leased to a highly creditworthy and diverse mix of technology, life science, medical, legal, and professional services tenants.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-2A

APN/PARCEL ID

057-2051-049-00

ASK ABOUT THIS PROPERTY

Evan RoseMarcus & MillichapMore Info
925-818-4267

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Evan RoseMarcus & MillichapMore Info
925-818-4267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.